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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 8:32 pm to hubertcumberdale
Posted on 12/5/19 at 8:32 pm to hubertcumberdale
Stupid chart! It doesn’t adjust for there being more boomers. Do we all know why they were called Baby Boomers? Because there were a lot of them.
1
Posted on 12/5/19 at 8:37 pm to DoctorO
quote:
That’s because millennials want it ALL right now, instead of working to the goal.
This is a high effort & IQ post.
Posted on 12/5/19 at 8:39 pm to Penrod
quote:
Stupid chart! It doesn’t adjust for there being more boomers. Do we all know why they were called Baby Boomers? Because there were a lot of them.
Boomers peaked at 79 million when the average age of the group was 35 years old.
Millennials currently make up 73 million and the average age is 31.
quote:
Sometime this year, the millennial generation — those born from 1981 to 1996 — will overtake baby boomers as the largest adult population group in the United States, according to government data analyzed by the Pew Research Center. The number of millennials is projected to reach 73 million, aided in part by immigration, while the boomer population, born from 1946 to 1964, is expected to decline to 72 million this year as members die off. Boomers (the only generation officially given a name by the Census Bureau) peaked in size at nearly 79 million in 1999.
Learn to google, boomers.
LINK
Posted on 12/5/19 at 8:40 pm to hubertcumberdale
quote:
Except most boomers didnt go to college and never wrote a thesis bc it wasnt required as entry into well paying industry like it is today
Yeah, nobody ever made me pass a mechanical and math tests. There was a lot more to it than you know or EVER WILL know.Posted on 12/5/19 at 8:42 pm to Redbone
quote:
quote:
Except most boomers didnt go to college and never wrote a thesis bc it wasnt required as entry into well paying industry like it is today
Yeah, nobody ever made me pass a mechanical and math tests. There was a lot more to it than you know or EVER WILL know.
I am not talking about one single person for fooks sake
Posted on 12/5/19 at 8:42 pm to hubertcumberdale
quote:So did it adjust?
Boomers peaked at 79 million when the average age of the group was 35 years old.
Millennials currently make up 73 million and the average age is 31.
Posted on 12/5/19 at 8:44 pm to hubertcumberdale
quote:Me either.
I am not talking about one single person for fooks sake
You have reading comprehension issues too?
Posted on 12/5/19 at 8:45 pm to Redbone
quote:
Me either.
You have reading comprehension issues too?
quote:
Yeah, nobody ever made me pass a mechanical and math tests. There was a lot more to it than you know or EVER WILL know.
I am also an engineer big cheese
Posted on 12/5/19 at 8:49 pm to hubertcumberdale
quote:
those born from 1981 to 1996
Born in 1982. I'm an Xennial. frick everyone.
Posted on 12/5/19 at 8:50 pm to hubertcumberdale
quote:
Except most boomers didnt go to college and never wrote a thesis bc it wasnt required as entry into well paying industry like it is today
If you Millennials were as good at getting off your asses and doing something, as you are at making excuses why you can't. You would all be rich.
Posted on 12/5/19 at 8:52 pm to Zip Monkey
quote:
Zip Monkey
This post was edited on 12/5/19 at 8:54 pm
Posted on 12/5/19 at 8:53 pm to hubertcumberdale
quote:
Oh yeah bc they have spewed bullshite their entire lives without fear of being fact checked
100
Posted on 12/5/19 at 8:54 pm to AlonsoWDC
quote:
What's the German word for Boomer?
Oppenheimer?
Posted on 12/5/19 at 8:56 pm to Zip Monkey
quote:
If you Millennials were as good at getting off your asses and doing something, as you are at making excuses why you can't. You would all be rich.
I am willing to bet most of the millennials on this board have respectable jobs that pay above the median, we just had to work harder and take on much more debt than our boomer counterparts that entered the same job market as they were coming of age, which isnt necessarily their fault that they profitted from their daddies saving the world and kick starting the american economy, just asinine they try and belittle millennials as 'lazy'
This post was edited on 12/5/19 at 8:57 pm
Posted on 12/5/19 at 9:08 pm to DemonKA3268
quote:
Sure can't take it with you. I'm guessing Millennials are wanting an inheritance to live off of?
If that is what they are counting on, then you would think they would not be voting for the Bernies and Warrens.
Posted on 12/5/19 at 9:12 pm to dawgfan24348
quote:
and have millennials fight their wars
I’ll take “Modern Wars millenials didn’t fight in” for $400 Alex
Bzzzzzz
Yes...AUTimbo?
“What are Vietnam and The Gulf War”
Posted on 12/5/19 at 9:14 pm to hubertcumberdale
When there were 79 million boomers averaging an age of 35 what was the US population? Was it a smaller number than it is today? So you’re conceding that boomers composed a larger proportion of the population then than millennials do today? Stands to reason that they would own a larger portion of the wealth if that’s the case.
Posted on 12/5/19 at 9:20 pm to cahoots
quote:
But apparently you don’t know how to read or interpret the study
No. I just didn’t read it at all.
Posted on 12/5/19 at 9:21 pm to tigercross
quote:
When there were 79 million boomers averaging an age of 35 what was the US population? Was it a smaller number than it is today? So you’re conceding that boomers composed a larger proportion of the population then than millennials do today? Stands to reason that they would own a larger portion of the wealth if that’s the case.
From another article
quote:
One important caveat to the chart above is that the three generations aren’t the same size, population-wise. In 1990, for instance, boomers accounted for 31 percent of the total U.S. population. In 2008, GenXers were only 22 percent of the population.
So we can say that in 1990, boomers owned 21 percent of the nation’s wealth and represented 31 percent of the population, for a wealth-to-population ratio of 0.68 — each percentage point of the total U.S. population represented by boomers, in other words, owned 0.68 percent of the wealth.
In 2008, on the other hand, Gen Xers owned 9 percent of the wealth and made up 22 percent of the population, for a wealth-to-population ratio of 0.41.
That’s a smaller generational deficit than the raw numbers suggest, but it’s still a significant one. It illustrates the size of the financial hole today’s young adults are in relative to their parents. It’s a hole they’ll never truly be able to dig out of, given the way that money draws other money to itself via the gravitational pull of compound interest: The less money you start out with, the less you’ll make during the rest of your life.
LINK
Posted on 12/5/19 at 9:54 pm to hubertcumberdale
Imagine that... grow up being told by your teachers(and often parents) that you are entitled to comfort and success, and you have jack shite to show for not competing.
Hm.
Hm.
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