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re: Millennials make more money than any other gen. did at their age, but are way less wealthy
Posted on 10/12/21 at 9:27 am to GreatLakesTiger24
Posted on 10/12/21 at 9:27 am to GreatLakesTiger24
quote:
But despite their higher earnings, millennials still hold less wealth than previous generations did at their age
This doesn't mean what the author thinks it means. We have just experienced a 20 year, Federally protected bull market in domestic equities. If a millenial hasn't grown their wealth it's because they are choosing to YOLO at the club instead of saving. City living is absurdly expensive.
8
Posted on 10/12/21 at 9:37 am to wutangfinancial
quote:
City living is absurdly expensive.
But I want to live close to work and cool restaurants and hip breweries. Waaa! I don’t want a car. I want
To walk everywhere and be close. Waaa!
Posted on 10/12/21 at 10:09 am to wutangfinancial
quote:Or maybe they are paying off student loans?
This doesn't mean what the author thinks it means. We have just experienced a 20 year, Federally protected bull market in domestic equities. If a millenial hasn't grown their wealth it's because they are choosing to YOLO at the club instead of saving.
This is coming from a millennial who doesn't have student loans and paid for 2 graduate degrees in cash.
Posted on 10/12/21 at 10:10 am to wutangfinancial
quote:what year is it?
We have just experienced a 20 year,
Posted on 10/12/21 at 10:11 am to wutangfinancial
quote:
We have just experienced a 20 year, Federally protected bull market in domestic equities
Bulls make money, bears make money, pigs get slaughtered
-PaulAllen Esquire
Posted on 10/12/21 at 10:54 am to wutangfinancial
This doesn't mean what the author thinks it means. We have just experienced a 20 year, Federally protected bull market in domestic equities. If a millenial hasn't grown their wealth it's because they are choosing to YOLO at the club instead of saving. City living is absurdly expensive.
You're a fricking idiot.
You're a fricking idiot.
Posted on 10/12/21 at 11:02 am to wutangfinancial
Or they’re planning their biweekly vacations
Posted on 10/12/21 at 11:33 am to wutangfinancial
quote:
wutangfinancial
quote:
bull market in domestic equities.
quote:
grown their wealth
Checks out
Posted on 10/12/21 at 11:47 am to wutangfinancial
quote:
City living is absurdly expensive
It’s also where the jobs that actually pay are. I could have stayed In small town Mississippi too if making $16 / hr for the rest of my life was appealing.
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