Millennials have been getting POORER since the last recession - while other age groups like @OldRooster's have increased their wealth by up to 60%

[dat feel]

Millennials have been getting POORER since the last recession - while other age groups like @OldRooster's have increased their wealth by up to 60% ​

 

[OldRooster]

IDK. All these generational comparisons are badly corrupted by immigration. It is not surprising that Mexican immigrants and the children of Mexican immigrants will have lower incomes than white English speaking Americans.

The millennial generation: A demographic bridge to America's diverse future | Brookings

The millennial generation, over 75 million strong is America’s largest—eclipsing the current size of the postwar baby boom generation. Millennials make up nearly a quarter of the total U.S. population, 30 percent of the voting age population, and almost two-fifths of the working age population...

www.brookings.edu

 

[Moggie]

It is because young people missed out on the property bubble

 

[güss]

millennials spend all their bucks on avocado toast

 

[dat feel]

IDK. All these generational comparisons are badly corrupted by immigration. It is not surprising that Mexican immigrants and the children of Mexican immigrants will have lower incomes than white English speaking Americans.

The millennial generation: A demographic bridge to America's diverse future | Brookings

The millennial generation, over 75 million strong is America’s largest—eclipsing the current size of the postwar baby boom generation. Millennials make up nearly a quarter of the total U.S. population, 30 percent of the voting age population, and almost two-fifths of the working age population...

www.brookings.edu

no i think it's pretty legit

for example, property prices have gone up by 50x-100x since the 1960, you could buy a house then for $10,000. will average houses cost $100 million in 60 years? same with the stock market, dow was at 600. 1950-2000 was the peak