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.
Rule 1: All posts must include links to the subject matter, and no identifying information should be redacted.
Rule 2: If your source is a reactionary website, please use archive.is instead of linking directly.
Rule 3: No sectarianism.
Rule 4: TERF/SWERFs Not Welcome
Rule 5: No bigotry of any kind, including ironic bigotry.
Rule 6: Do not post fellow hexbears.
Rule 7: Do not individually target other instances' admins or moderators.
Rule 8: Do not post public figures, these should be posted to c/gossip
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)
Now show me wealth distribution amongst millenials
It's just Mark Zuckerberg.
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.
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
The picture is also funny. “Oh look, honey, our wealth just quadrupled”.
*Shows four late notices of payment requests*
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.
you can in fact quadruple a negative number
Underrated post
2019: Millenials have a dollar to their name. 2022: Four dollars
Generational politics are fake, this is all because Zuckerberg made a shitzillion dollars and drags the average way up.
Their source:
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.
Where my 4x returns?
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?
Damn I didn’t realise I had an appreciating home, that’s good to know!
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