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re: This depressing chart shows the jaw-dropping wealth gap between millennials and boomers
Posted on 12/5/19 at 3:13 pm to Scruffy
Posted on 12/5/19 at 3:13 pm to Scruffy
quote:
Honestly, none of the above. That generation has been living on credit, which is why can’t stop and retire. They are broke.
Sure can't take it with you. I'm guessing Millennials are wanting an inheritance to live off of?
1
Posted on 12/5/19 at 3:13 pm to LCA131
still remember my idiot guidance counselor in high school... "just get a degree and you're golden! ANY degree! Do whatever it takes -- loans, plasma, doesn't matter! GOLDEN!"
This post was edited on 12/5/19 at 3:14 pm
Posted on 12/5/19 at 3:16 pm to LCA131
quote:Explanation for that is that the vast majority of boomer wealth is held by a low percentage of extremely wealthy.
Didn't the graph show how much wealth they have? Do they have wealth or are they broke?
The vast majority of boomers have nothing.
The entire argument against boomers is asinine.
Posted on 12/5/19 at 3:19 pm to jmcwhrter
I also think there's a lot to be said about the amount of shite we have today that we can buy. If you give a millenial today the retail and utility options of 1975, they'd likely spend a lot less money.
You don't HAVE to have a huge truck, huge house, expensive phone and plan, etc. If someone today lived like someone did in 1975, you could save an incredible amount of money.
You don't HAVE to have a huge truck, huge house, expensive phone and plan, etc. If someone today lived like someone did in 1975, you could save an incredible amount of money.
Posted on 12/5/19 at 3:21 pm to Grassy1
quote:
Work ethic.
Yeah I dont know about that.
What Great Recession did they start working in?
This post was edited on 12/5/19 at 3:31 pm
Posted on 12/5/19 at 3:22 pm to JohnnyKilroy
quote:
There’s still gonna be nearly 20 million boomers around in 2050?
And we'll be on our 16th consecutive term with a Boomer president. Yay!!!
Posted on 12/5/19 at 3:23 pm to Philzilla2k
quote:
Same here, people should make better choices
I can picture them all now, probably a decent combined income, mortgaged to the hilt, 1000 dollar iphones, out to eat 4 times a week, mortgage on 85K dollar suburban and F250.
20 year note on a 75k dollar bass boat, side by sides, closets full of clothes etc......
Posted on 12/5/19 at 3:26 pm to hubertcumberdale
Wealth is not finite. Boomers aren’t hoarding it. You can go get your own
Posted on 12/5/19 at 3:27 pm to baldona
quote:
You don't HAVE to have a huge truck, huge house, expensive phone and plan, etc. If someone today lived like someone did in 1975, you could save an incredible amount of money.
Yeah that's not true. If you didnt have a cellphone or cable bill but paid twice as much in childcare and three times as much for college and medical care you still end up losing money.
Posted on 12/5/19 at 3:28 pm to Dawgholio
quote:
You can go get your own
The irony here is boomers already received their parents inheritance at this point, but criticize millenials for not getting theirs- mainly because boomers are still breathing.
This post was edited on 12/5/19 at 3:29 pm
Posted on 12/5/19 at 3:29 pm to hubertcumberdale
the great thing is, we Gen Xers are next in line for all that money 
you whiny bitches are so screwed
you whiny bitches are so screwed
Posted on 12/5/19 at 3:29 pm to LCA131
quote:
Why/how would it benefit boomers to have tuition skyrocket after they were out of school? Their kids were IN school?
It's their direct doing because they were the generation in control of this:
This post was edited on 12/5/19 at 3:30 pm
Posted on 12/5/19 at 3:30 pm to hubertcumberdale
quote:
Boomers must have just worked so much harder than the rest of us...
Most Dad's when I was growing up (boomers) had a main job and then worked another job in the evening and maybe one on the weekend. Until my Dad was about 35 he did this and then finally started making enough at his main job to quit his evening job. He worked the weekend job until about 40 years old. The generations that came after are soft, and I include myself in that.
Posted on 12/5/19 at 3:30 pm to NYNolaguy1
quote:
If you didnt have a cellphone or cable bill but paid twice as much in childcare and three times as much for college and medical care you still end up losing money.
I would still think most millennials are spending significantly more of their money on cell phones, cable, streaming services, iTunes, etc. than the yare on medical care at age 35; the college tuition and more people going to college than ever before is still a good point against being able to save by living like it's '75
Posted on 12/5/19 at 3:31 pm to hubertcumberdale
quote:
hubertcumberdale
For the last time, they are comparing it at the age of 35. Go back to school and learn how to interpret graphs.
Posted on 12/5/19 at 3:31 pm to GumboPot
quote:
I'm happy to be an Xer. It's fun watching boomers and millennials
Plus, we're just nihilistic enough to take them both with us when we decide we've had enough.
Posted on 12/5/19 at 3:32 pm to Dawgholio
quote:
Wealth is not finite. Boomers aren’t hoarding it. You can go get your own
Sure it is. Everything is finite, except maybe the universe (we're not sure about that one yet). Are you confusing the terms finite and static? Total wealth is not static. Total wealth can be increased, but it's always finite.
Posted on 12/5/19 at 3:33 pm to hubertcumberdale
1 group has had 50 years to collect wealth, one has had 30, the other less than about 10. It's only an issue if you have an attitude of entitlement and instant gratification.
This supposed wealth disparity is just encouragement for the young to vote for socialistic policies, which I promise you will just make everyone who could have wealth much poorer.
This supposed wealth disparity is just encouragement for the young to vote for socialistic policies, which I promise you will just make everyone who could have wealth much poorer.
Posted on 12/5/19 at 3:33 pm to hubertcumberdale
quote:
Boomers must have just worked so much harder than the rest of us...
For myself, I did. And now my daughter is making bank.
Posted on 12/5/19 at 3:34 pm to xxTIMMYxx
quote:
For the last time, they are comparing it at the age of 35.
Ok, boomer...and your point is?
Also, when was the first time?
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