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re: Millennial and Gen Z Wealth Is Growing Much Faster Than Older Generations
Posted on 2/12/24 at 12:11 pm to SlowFlowPro
Posted on 2/12/24 at 12:11 pm to SlowFlowPro
quote:
Like I said, there is a TON of academic work in this specific area.
Please. There's also a ton of academic work that predicts the weather is going to kill us all by 2012.
quote:
The last recession like 2009 was the Great Depression, which pre-dates Boomers' lives by like 15 years, and their economic lives by 30+.
:max_bytes(150000):strip_icc():format(webp)/recessionsfigure-032522-b91ba309d29f4688ad1abc4d934eb496.jpg)
Covid unemployment rate is fake, just like Biden taking credit for creating all the jobs post-lockdowns.
0
Posted on 2/12/24 at 12:14 pm to Zach
quote:
Hmmm, I recently heard a presentation that Millennial and Gen Z are having a much harder time buying a first home than their elders did at the same age.
I'd like to see this type of analysis where size and features of homes are considered. I've never seen that, but I have a feeling it tells a different story than the TikTok narrative.
Posted on 2/12/24 at 12:15 pm to Bass Tiger
quote:
Probably not, they have to keep their true feelings to themselves so they can get that Boomer inheritance.
Gotta get that inheritance to pay for the $900k "starter home" here in the next 5 years
Posted on 2/12/24 at 12:18 pm to Tantal
quote:I'm over 50 and still have a teenager in high school. Also, children aren't moving out as quickly as they did in the past due to whichever narrative you want to believe. Helping octogenarian parents is also a factor in many Gen X households. I can't wait to "start to stack cash" in my 60s.
Once kids move out, 50-65 are your years to stack cash for retirement.
Posted on 2/12/24 at 12:20 pm to momentoftruth87
quote:
You mean one generation is retiring while the other is in their prime?
Exactly
Posted on 2/12/24 at 12:33 pm to SlowFlowPro
quote:
Like I said, there is a TON of academic work in this specific area.
Yes. Yes. Because the academics have been so absolutely infallible in their predictions and actions to keep this country on an even keel.
The “academics” currently cannot define what a woman is or what bathroom to use.
Posted on 2/12/24 at 12:47 pm to NC_Tigah
quote:
Young People’s Wealth Is Growing Much Faster Than Older Generations
When liberals start taking that money in taxes and reparations. They will turn on the libs like rabid dogs.
I remember when my daughter turned conservative.
She was 16 and got her first check from her first job. An after-school job at Sonic (wanna fight?)
Her: DADDY! Look how much of my money they took.
Me: Someone has to pay for all that welfare, food stamps, and social programs the Democrats hand out. That someone is now you.
Her: Screw that. Let them get a job too.
Me: Remember that when you get old enough to vote.
She has remembered.
Reminds me of this kid going off about taxes.
Kid learns about taxes on his first check
Posted on 2/12/24 at 12:50 pm to SlowFlowPro
quote:Again, this is how inflation adjusted income performed in both circumstances. If you juxtapose the 1980's downturn and aftermath with that of 2008-9, the thing speaks for itself.
The last recession like 2009 was the Great Depression, which pre-dates Boomers' lives by like 15 years, and their economic lives by 30+.
"Boomer" crisis performance in red is overlayed atop "Millennial" crisis performance in blue.
Which outcome would you want?
Posted on 2/12/24 at 12:53 pm to cwill
quote:Sorry; fixed.
Bad link.
Posted on 2/12/24 at 12:55 pm to SlowFlowPro
quote:There is a ton of Critical Theory in the same area. CT creates fiction.
there is a TON of academic work in this specific area.
Posted on 2/12/24 at 1:05 pm to David_DJS
quote:
I'd like to see this type of analysis where size and features of homes are considered. I've never seen that, but I have a feeling it tells a different story than the TikTok narrative.
From memory:
1. Younger folks haven't saved as much money for a down payment. Some of that is discipline but a lot is higher apartment rental rates today than back then (adjusted for inflation).
2. Starter homes aren't being built since there is more money in bigger homes with lots of nice stuff. The shortage of starter homes equals higher prices.
Posted on 2/12/24 at 1:56 pm to SlowFlowPro
quote:
The last recession like 2009 was the Great Depression, which pre-dates Boomers' lives by like 15 years, and their economic lives by 30+.
Every single thread you post in shows more and more that you have zero knowledge as to any actual thing you talk about
Posted on 2/12/24 at 1:59 pm to NC_Tigah
Yeah, not sure about this. I have one in each generation and they both spend as quick as they make it. You can only suggest that they set aside some to savings/401K, but can't make them.
Posted on 2/12/24 at 2:45 pm to SlowFlowPro
quote:FYI.
The last recession like 2009 was the Great Depression, which pre-dates Boomers' lives by like 15 years, and their economic lives by 30+.
Ranked by peak unemployment.
Posted on 2/12/24 at 2:46 pm to NC_Tigah
Boomer propaganda
Posted on 2/12/24 at 3:35 pm to Damone
quote:
Boomer propaganda
Posted on 2/12/24 at 3:41 pm to NC_Tigah
$15 for a hamburger, they ain't got shite.
Posted on 2/12/24 at 3:53 pm to Pfft
quote:They have their well considered and rational vote.
$15 for a hamburger, they ain't got shite.
"No more mean tweets!"
Posted on 2/12/24 at 3:55 pm to Houag80
quote:
Inheritance
Cha ching
100% this ^^^^^^^
Posted on 2/12/24 at 3:59 pm to NC_Tigah
Maybe but given what both my college educated kids do for a living and given what I put into savings in my work life and through investing, they will never catch me. But they will get it in the end anyway.
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