wealth quadrupled from 2019 to 2022
shout-out to the boomer remover, I guess. Really great way to run an economy
For posting all the anonymous reactionary bullshit that you can't post anywhere else.
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wealth quadrupled from 2019 to 2022
shout-out to the boomer remover, I guess. Really great way to run an economy
Don't care when will my zoomer wealth quadruple (to $400)
Never. They'll just release an article in ten years gaslighting you about it like this one.
Now show me wealth distribution amongst millenials
It's just Mark Zuckerberg.
I think they're sourcing this claim from a different article on the same subject:
Empower data shows Millennials wrapped 2024 with an average net worth of $333,096
That's the claimed average. Doesn't pass the basic smell test, even with massive inequality.
Oh fuck off. Every millennial I know still rents.
Even the ones who own homes all have mortgages cosigned with or just straight up under the name of their parents. The only options available are to rent, live with your parents or if you're real lucky rent to own from your parents.
you can in fact quadruple a negative number
Underrated post
These articles almost always omit that "millennial wealth" is concentrated in a smaller proportion of that cohort than previous generations, and that those millennials with the most wealth got most of it from inheritance
Definitely anecdotal but for every person I know who is making 6 figures and owns a home in that age bracket I can easily think of 3 that are scraping by, have known a few people in recent years that lived in shipping containers for extended periods of time.
Their source:
The picture is also funny. “Oh look, honey, our wealth just quadrupled”.
*Shows four late notices of payment requests*
2019: Millenials have a dollar to their name. 2022: Four dollars
Wealth is increasingly concentrated in smaller and smaller amount of people.
Successive generations have been having less and less children.
Older millenials are reaching the age when they inhereit generational fortunes.
Shut up.
Generational politics are fake, this is all because Zuckerberg made a shitzillion dollars and drags the average way up.
Where my 4x returns?
Damn I didn’t realise I had an appreciating home, that’s good to know!
Can someone ELI5 why they do this?
: “I’m poor.”
: “No you’re not! You’re rich, actually!”
If it’s a pretext to raise prices, then porky knows in the back of his mind he’s only fooling himself. It feels like they’re only saying this in a taunting way to demoralize young people.
It breaks class consciousness. If it's everyone broke, it's a systemic failure; if it's just you it's a personal one.
So all of our money is in houses we don't own and retirement accounts that we don't have.
Have millenials escaped zuck whitehole effect?
Is this based on median property ownership, or mean? (Or various income measures?)
LinkedIn is so gross. Just the most naked face of our society that doesn't directly involve force (ironically, given that everything posted there is the most insincere thing the poster has posted)
Someone else in this thread gave about $333,000 as the average they're claiming so you tell me.
I have 4$ now