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Started By
Message
re: This depressing chart shows the jaw-dropping wealth gap between millennials and boomers
Posted on 12/5/19 at 4:30 pm to Picayuner
Posted on 12/5/19 at 4:30 pm to Picayuner
quote:
And then probably waste all the money on gadgets.
WRONG. They pay folks to walk their dogs, bring them groceries, bring them prepared food, run errands and then pay them to listen as they whine that they're broke.
1
Posted on 12/5/19 at 4:30 pm to cahoots
quote:
The city planning of the prior generation is atrocious. McMansions everywhere and no infrastructure to handle it. Commute times have absolutely skyrocketed.
And Boomers still show up to the public meetings to shout down any sort of smart growth. I don't recall seeing any young smart growth naysayers at any public meetings I hosted or attended. 100% were boomers.
This post was edited on 12/5/19 at 4:32 pm
Posted on 12/5/19 at 4:32 pm to alphaandomega
quote:
And many boomers did not waste 4 years and $100,000 on a worthless theater, gender studies or sociology degree.
They got a job and worked hard at it and slowly moved up. Lived in a small house and saved money.
They also didnt have to spend $3k a month for family insurance (thanks a lot Obama), $150 internet\tv bill, a $600 truck payment or a $100 cell phone bill.
My wife is a Millennial (barely, I'm Gen X) and she spent a lot more than $100k on degrees, but she's an MD. I don't know where you're coming up with those bill totals, but our total internet/tv/truck/cell phone monthly payment maybe $500 for all of those combined, and that's for a family of four.
Posted on 12/5/19 at 4:32 pm to BottomlandBrew
I attend those kinds of meetings occasionally, and the only youngish people who ever show up are SJW’s there to claim the project is racist. That could be because I’m in BR, though, 
Posted on 12/5/19 at 4:32 pm to LCA131
quote:
They pay folks to walk their dogs, bring them groceries, bring them prepared food, run errands and then pay them to listen as they whine that they're broke.
Anecdotally, I know no one that does that with any regularity but cool straw man I suppose.
Posted on 12/5/19 at 4:33 pm to hubertcumberdale
That is surprising given the birth rates. Even so, that generation runs 1981 - 1996. In 2017 their age would have been 21-36, well before their prime wealth years.
Plus Boomers were more savers than the following generations, plus have been saving longer. Instead of crying, millennials should go out and produce wealth.
Plus Boomers were more savers than the following generations, plus have been saving longer. Instead of crying, millennials should go out and produce wealth.
Posted on 12/5/19 at 4:34 pm to kingbob
(no message)
This post was edited on 1/20/20 at 1:03 pm
Posted on 12/5/19 at 4:34 pm to Mid Iowa Tiger
quote:
millennials should go out and produce wealth.
Boomers should have saved better and retired already. I am currently limited at my firm because boomers are old and won't retire so I can move up.
Works both ways.
Posted on 12/5/19 at 4:37 pm to jclem11
quote:
quote:
They pay folks to walk their dogs, bring them groceries, bring them prepared food, run errands and then pay them to listen as they whine that they're broke.
Anecdotally, I know no one that does that with any regularity but cool straw man I suppose.
The boomers arent very fond of statistics or facts, just anecdotes from their own personal opinions since they grew up in an age where they could bullshite their way through life and no one had the ability to instantly check them on the spot.
Posted on 12/5/19 at 4:39 pm to jclem11
quote:
am currently limited at my firm because boomers are old and won't retire so I can move up.
They must still be a better value to the company that you're at than you are or you would have replaced them. Surely they make more... Does the company not see what a better value you are?
Why do you think that is?
Posted on 12/5/19 at 4:41 pm to chryso
quote:and they fricking LOST
You know boomers were in vietnam.
Posted on 12/5/19 at 4:43 pm to hubertcumberdale
I’m not sure what all has been posted over ten pages but I can share my perspective on the problem.
It’s not that there is a wealth gap. It’s that those without wealth will cite this graph as evidence of being owed something simply because they exist. As if there aren’t contributing factors (many of which they control) to the nature of the output shown by the graph.
There. I said it.
It’s not that there is a wealth gap. It’s that those without wealth will cite this graph as evidence of being owed something simply because they exist. As if there aren’t contributing factors (many of which they control) to the nature of the output shown by the graph.
There. I said it.
Posted on 12/5/19 at 4:43 pm to baldona
quote:
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.
This. But let's be honest, the boomers have set the precedent of the subscription economy.
Posted on 12/5/19 at 4:45 pm to TexasTiger90
quote:
You know boomers were in vietnam.
quote:
and they fricking LOST
not true grasshopper, politicians called off the dogs, we were kicking Charlie's arse and taking names
This post was edited on 12/5/19 at 4:47 pm
Posted on 12/5/19 at 4:45 pm to hubertcumberdale
quote:
OK boomer — share the wealth.
Stopped reading here.
And another thing I’d like to speak about. Generations are nothing more than another way that left leaning (mostly socialist/communist) sociologists like to put people into nice little boxes. So they are able to color the world in their own fricked up ways.
For example, I am a millennial. I do not listen to the same kind of music that the sociologists would claim millennials like. I do not enjoy the same kind of activities that my age group likes, I do not view politics the same way that my age group does.
When you start putting massive amounts of people into neat little boxes, you begin to start treating them that way instead of treating them in an individual by individual basis.
This post was edited on 12/5/19 at 4:53 pm
Posted on 12/5/19 at 4:46 pm to hubertcumberdale
Well, boomers greatly benefitted from the 80s and 90s economic growth.
Millenials and Gen X's had 8 years of Obama.
Millenials and Gen X's had 8 years of Obama.
Posted on 12/5/19 at 4:46 pm to TexasTiger90
quote:
You know boomers were in vietnam.
and they fricking LOST
Well, that’s just not true.
Fact of the matter is, you simply cannot name a single battle in which the American military lost in the like 8-10 years we were there. Because we didn’t. The war was never lost in a military sense. Our politicians deserted the south Vietnamese people and left them to their fate. We lost a ton of face in the world stage when we allowed Saigon to fall.
What’s worse is our gutless wonder politicians (Ford, that empty suit, chief among them) did not honor the treaty that THEY (the senate) signed and ratified. Ford should’ve told congress to frick off and honored that treaty. And that is where we lost the respect of the world. That is when people knew that they couldn’t trust the American government to honor its word to its so called “allies.”
This post was edited on 12/5/19 at 5:11 pm
Posted on 12/5/19 at 4:47 pm to jclem11
So boomers should go home and die so you can have what you think you're entitled to?
Posted on 12/5/19 at 4:47 pm to hubertcumberdale
Seems like a silly chart. When boomers were in their 30s, they represented a much bigger percentage of the population than probably any generation before or since, so of course they had a large collective share of wealth even though they were relatively young. By the time they are in their 40s through 60s, there are other large generations (millenials), but boomers are much further along in their careers and had time to build wealth that younger generations didn't. Might be better to look at something like median net wealth by age for these cohorts than the share of wealth by cohort at a given age.
Posted on 12/5/19 at 5:03 pm to 777Tiger
quote:The fall of Saigon tells a different tale unfortunately. Charlie was on our six and closing fast AF. They had more will to win that war than the US did, that's why we just gave up and left. Quitting the game before one side wins is losing.
not true grasshopper, politicians called off the dogs, we were kicking Charlie's arse and taking names
This post was edited on 12/5/19 at 5:03 pm
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