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re: 1 in 6 millennial: $100k saved in bank
Posted on 1/24/18 at 10:40 am to TJGator1215
Posted on 1/24/18 at 10:40 am to TJGator1215
A lot of millennials are living with their parents so they are able to sock away the cash. This happened way less in the past.
Move out and pay your own way.
Move out and pay your own way.
2
Posted on 1/24/18 at 10:47 am to bowlbound
quote:
A lot of millennials are living with their parents so they are able to sock away the cash. This happened way less in the past
5% higher than in 1970 according to business insider, so not really.
quote:
Move out and pay your own way.
So you'd rather people be crippled with credit card debt like Boomers than live with their parents for a year or two and be off to a great financial start? You sound like a retard.
Posted on 1/24/18 at 11:08 am to Mingo Was His NameO
Yet you criticize those same parents who welcome millenials back into the house so their kids can get off to a great financial start?
Posted on 1/24/18 at 11:11 am to TJGator1215
16% of 23-37 year olds have 100k in the bank?
I don’t believe this for a second
I don’t believe this for a second
Posted on 1/24/18 at 11:13 am to Ingeniero
quote:
If only boomers would've saved some money, maybe we wouldn't be in the shitter
Yeah, we boomers were busy putting you losers through college and building the companies you work for.
Posted on 1/24/18 at 11:15 am to bowlbound
quote:
. This happened way less in the past.
This happened way more often in the past. You lived with family until you got married.
Posted on 1/24/18 at 11:15 am to fishfighter
quote:
Even with insurance, one of my meds cost more then $400 a month.
Time to go the way of the Vikings. On a raft lit on fire into the great sea.
Posted on 1/24/18 at 11:16 am to VABuckeye
quote:
Yet you criticize those same parents who welcome millenials back into the house so their kids can get off to a great financial start?
No, I don't. If I criticize them it's for their stupid decisions like not saving for retirement not letting their kids live with them.
Posted on 1/24/18 at 12:00 pm to deltaland
quote:
Most boomers have less than $17,000 saved for retirement
quote:
It's no secret boomers are awful with money. Always have been.
Wake up fools.
There are lot of people who apparently don't understand what "median" means and the difference between it and "average". If anyone believes the average 65 y.o. has $17,000 in savings they are well out of touch with reality. The "facts" being quoted are also greatly skewed by race, level of education, time in the US, etc. Most financial statistics like that are broken down into quintiles. Being deceptively selective, using quotes like "1 in 6 " gives very misleading samples. The US Census report shows "median" savings of "boomer" age group is $17,000"... by the same token, the group defined as "millennial" has a median savings of $500.... a far cry from the laughable $100,000 quote.
Wake up fools.
If you sample in the same fashion used to get $100,000, and look at white, college educated "boomers", you'll find boomers are anything BUT "awful" with money and have average savings well over $1,000,000.00 dollars.
Wake up fools. This nothing but the typical, skewed, bogus information that is the gold standard of online "fact reporting".
Posted on 1/24/18 at 12:17 pm to TJGator1215
So 53% have less than 15k saved. All while recording record low home ownership.
So they own nothing and have little cash.
So they own nothing and have little cash.
Posted on 1/24/18 at 12:26 pm to Pavoloco83
quote:
Yeah, we boomers were busy putting you losers through college and building the companies you work fo
And siphoning off our paychecks to pay for that sweet SS welfare.
Posted on 1/24/18 at 12:29 pm to ThatMakesSense
quote:i keep trying to tell all the people born in the early 80's here they are millennials.
Millennials — Americans between the ages of 23 and 37
This gonna frick some people up here.
Posted on 1/24/18 at 12:31 pm to TurkeysAndBees
quote:
you'll find boomers are anything BUT "awful" with money and have average savings well over $1,000,000.00 dollars.
i will take that bet. 
Posted on 1/24/18 at 12:52 pm to TurkeysAndBees
quote:it means half of all boomers have less than 17k. Pretty straightforward.
There are lot of people who apparently don't understand what "median" means and the difference between it and "average"
quote:that's a pretty small % of boomers, so I'm not sure what hat has to do with anything, if it's even true
If you sample in the same fashion used to get $100,000, and look at white, college educated "boomers", you'll find boomers are anything BUT "awful" with money and have average savings well over $1,000,000.00 dollars.
Posted on 1/24/18 at 5:17 pm to TJGator1215
Of course, only 1 in 3 millenials even has a bank account, according to the ABA.
Posted on 1/24/18 at 5:21 pm to SECSolomonGrundy
quote:
I know more of them have that much in student loans.
Then you know a lot of stupid people
Average college student loan debt for graduates isn't nearly 100K
Posted on 1/24/18 at 6:04 pm to TJGator1215
Key word here is “they say”. Not much to go on.
Posted on 1/24/18 at 6:06 pm to Esquire
Dumbass SS is not welfare. Educate yourself
Posted on 1/24/18 at 6:36 pm to tiger chaser
quote:
Dumbass SS is not welfare.
Technically, no. Boomers should have had the foresight to plan for their retirement though, just like every generation after them, assuming that they'll never see a dime of what they paid in.
The "greatest generation" was great in a lot of ways but they produced far too many children, and their actions will hurt generations for the decades to come because of their irresponsible breeding.
My paternal grandparents were a prime example. Grandfather was a POW in Germany during WWII. Grandmother was a factory worker during said time, That's all great.
Ten fricking kids though. One died as an infant and one died as a teenager in an automobile accident, but even then, eight fricking kids.
Posted on 1/24/18 at 6:59 pm to tiger chaser
quote:
Dumbass SS is not welfare. Educate yourself
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