re: This depressing chart shows the jaw-dropping wealth gap between millennials and boomers

quote:

---

People eat out more than ever before. When I was a kid, it was rare for my parents to go "pick up something to eat". 

---

I work with a few millennials that are good people but I definitely see some Waitr a few days per week and eat out most nights and then bitch about the price. Pack a sandwich dumbass.

Education and health care costs are legit complaints. Yay government intervention. Let's have some more please.

quote:

---

Aren't Boomers a bigger generation that is living longer?

---

The study adjusts each group to age 35, so this doesn't matter.

quote:

---

Boomer parents died early and passed down their wealth sooner.

---

That's one of the points I made.

quote:

---

And there are more Boomers than any other generation.

---

More, yes. Not multiples more.

quote:

---

OK boomer — share the wealth.

---

This sums up the problem. Wealth is earned, not shared, at least unless you want it live off charity of others. So if you want wealth then you have to earn it. And you earn it by (say it with me) WORK.

W
O
R
K

Stupid chart.

Boomers were and still are a huge proportion of the population. They far outnumbered their parents generation AND they were born into a period of relative middle class prosperity. The fertility rate has declined in the US since the 1940s and 1950s - and boomers are still too young to have died off in significant numbers.

A chart showing average wealth in today’s dollars by age would be more useful.

quote:

---

When boomer median age was 35, they were a much larger percentage of the population at that time than when gen x or millenials hit the same age, if for no other reason than boomers were still around. That alone suggests we should not expect gen x or millenials to achieve the same share of wealth as the boomer generation did at the same age.

---

Exactly right.

But if you listen to boomers, the millenials aren't as wealthy at age 35, as they were, because the millenials are lazy.

Also, I don't think you can attribute all of that difference simply to the size difference and boomers living longer. Some of that is due to hoarding.

When you’ve worked for five decades already, you tend to have earned more, bought more, and have a greater total net worth.

Well, boomers work for a living, so there's that.

A couple things about measuring ‘wealth’ this way.

There was much less aggregate wealth in the world when boomers were 35. Also, there were many more boomers than the comparative millennial generation. So owning 21% between a much larger group of people makes sense.

quote:

---

You know boomers were in vietnam.

---

quote:

---

and they fricking LOST

---

What an uneducated, stupid, worthless waste of carbon atoms.

Too bad your little punk arse was busy protesting for "all inclusiveness and diversity" rather than paying attention in History class.

Vietnam was the Greatest Generation's war. They started it. They made all the decisions.

The Boomers fought that war and never lost the battles. The Greatest Generation lost that war in a conference room.

Your sorry little punk arse wouldn't make a pimple on the arse of the men that actually fought that war.

The first war the Boomers were really in charge? The Gulf War. The brave men and women that fought that war waxed the arse of the fourth best equipped and trained army on the planet. They did it in a couple months.