this post was submitted on 28 Jan 2025
83 points (98.8% liked)

Slop.

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For posting all the anonymous reactionary bullshit that you can't post anywhere else.

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I hope you all appreciate what I expose myself to in order to dredge up slop for you all. There’s no more radioactive quarter of the internet than whatever the hell LinkedIn News is.

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[–] Coolkidbozzy@hexbear.net 58 points 5 days ago

wealth quadrupled from 2019 to 2022

shout-out to the boomer remover, I guess. Really great way to run an economy covid-cool

[–] autism_2@hexbear.net 42 points 5 days ago (1 children)

Don't care when will my zoomer wealth quadruple (to $400)

[–] Dirt_Owl@hexbear.net 34 points 5 days ago (1 children)

Never. They'll just release an article in ten years gaslighting you about it like this one.

[–] sharkfucker420@lemmy.ml 32 points 5 days ago (1 children)

Now show me wealth distribution amongst millenials

[–] TankieTanuki@hexbear.net 30 points 5 days ago

It's just Mark Zuckerberg.

[–] Beaver@hexbear.net 26 points 5 days ago* (last edited 5 days ago)

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.

[–] Dirt_Owl@hexbear.net 31 points 5 days ago* (last edited 5 days ago) (1 children)

Oh fuck off. Every millennial I know still rents.

[–] Enjoyer_of_Games@hexbear.net 14 points 5 days ago

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.

[–] NephewAlphaBravo@hexbear.net 21 points 5 days ago (1 children)

you can in fact quadruple a negative number

[–] ElChapoDeChapo@hexbear.net 8 points 4 days ago

Underrated post

[–] mechwarrior2@hexbear.net 27 points 5 days ago

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

[–] Robert_Kennedy_Jr@hexbear.net 28 points 5 days ago* (last edited 5 days ago)

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.

[–] Skeleton_Erisma@hexbear.net 17 points 5 days ago

Their source:

made-it-the-fuck-up

[–] Pastaguini@hexbear.net 26 points 5 days ago (1 children)

The picture is also funny. “Oh look, honey, our wealth just quadrupled”.

[–] thefartographer@lemm.ee 19 points 5 days ago

*Shows four late notices of payment requests*

[–] Dessa@hexbear.net 21 points 5 days ago

2019: Millenials have a dollar to their name. 2022: Four dollars

[–] MolotovHalfEmpty@hexbear.net 17 points 5 days ago

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.

[–] barrbaric@hexbear.net 18 points 5 days ago

Generational politics are fake, this is all because Zuckerberg made a shitzillion dollars and drags the average way up.

[–] Evilphd666@hexbear.net 15 points 5 days ago

Where my 4x returns?

[–] DragonBallZinn@hexbear.net 13 points 5 days ago* (last edited 5 days ago) (2 children)

Can someone ELI5 why they do this?

doomjak: “I’m poor.”

porky-happy: “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.

[–] Assian_Candor@hexbear.net 4 points 4 days ago

It breaks class consciousness. If it's everyone broke, it's a systemic failure; if it's just you it's a personal one.

[–] glimmer_twin@hexbear.net 12 points 5 days ago (1 children)

Damn I didn’t realise I had an appreciating home, that’s good to know!

[–] GalaxyBrain@hexbear.net 12 points 5 days ago

So all of our money is in houses we don't own and retirement accounts that we don't have.

[–] plinky@hexbear.net 12 points 5 days ago

Have millenials escaped zuck whitehole effect?

[–] keepcarrot@hexbear.net 11 points 5 days ago (1 children)

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)

[–] christian@hexbear.net 2 points 4 days ago

Someone else in this thread gave about $333,000 as the average they're claiming so you tell me.

[–] CrawlMarks@hexbear.net 7 points 5 days ago

I have 4$ now