https://txtify.it/https://econ.trib.al/6LjPIZD
The article behind the paywall
A few reddit threads 
Here are the doomers at lostgeneration :anticommunists:
They will have the most shells and beads in the wasteland, yes.
Bottle caps
Yes because millennials will be the bosses and we won't frick around with quality of life. Ours has been shit for years. We want better for them
HOW WHOLESOME US MILLENNIALS ARE
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Women now earn more than men between 20-30. What are feminists doing to fix this wage gap?
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Advocating for more men in higher education now that they realize it's harder to get boyfriends in college.
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They have enough actually, they don't want boyfriends, just a fricking stud to be fricked by.
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Millennials/gen z is on track or ahead in terms of income, net worth, and homeownership relative to where previous generations were at the same age.
Income:
Net worth:
Homeownership:
Why is this at odds with online perception? I think it's a combination of:
1. People who spend a lot of time on Reddit
are uniquely miserable/losers.
2. You notice your boomer parents are, in absolute terms, much better off than you are (you'll catch up, you just haven't yet) and our brains are bad at doing this age adjustment.
3. Social media shows us how the top 0.01% is doing and we compare ourselves to them.
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Millennials and Gen Z are also completely ridiculous in their spending habits.
The keeping up with the Joneses habit of boomers is super easy to make fun of because it's super obvious shit like buying a 6 person hot tub because your neighbor bought a 4 person hot tub, but a ton of them were doing shit like clipping coupons for all of their generic value brand groceries and they thought taking 2 days off work for a 4 day weekend vacation at the water park the next town over was an extravagant twice a year only splurge. Meanwhile you have a bunch of Zoomers think they're being thrifty by ordering two meals at once on Door Dash so they only pay the $15 in delivery fees once a day instead of twice a day and buying shit like designer t shirts with the justification of βjust because I'm broke doesn't mean I don't deserve nice things.β
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explain the net-worth graph please r-slur
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Because boomers didn't have shit in their twenties?
Zoomers in their twenties don't compare their spending to boomers in their twenties, they compare it to boomers in their 50s and 60s.
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boomers ate too much avocado toast in their 20s?
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Too many quaaludes and lava lamps
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No, they drank too much leaded water and breathed too much lead gas fumes when they were babies.
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A lot of what this guy says is r-slurred, but he nailed it here. So many people online are losers looking for excuses to justify their loserdom.
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source?
I cant find it with reverse image search
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I got it from someone else but the underlying data is from the survey of consumer finances. It's released by the Fed from time to time.
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Do millennials really have a median income over $100k?
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Yeah that's a tad sus. Googles showing like 80k is the average income for a millennial household
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That was probably just the one millennial over 40 in the survey
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Shit is more nuanced. How does owing 800,000 on a mortgage in 2020 compare to 5,000 in 1970?
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I would believe there are a lot of rich zoomers
I don't personally know any workaholic millennials that are too busy to talk but send you hustlebro grindmaxxer motivational videos, but I'm sure they exist
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Yes they're inflation adjusted.
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And they spend all their money on weed and ordering SlopDash
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And 70 different subscription services
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And don't forget the money they allot for
mutual aid 
AKA giving money to other layabouts GFM and OnlyFans thots
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lmao youre really seething that !zoomers waste more money in a month that you make in a year
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I wish I had money to waste.
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How did Gen Z already forget the Great Recession?
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because they were in elementary school at the time
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I know, right, b-word? I don't think zoomers have it good but millennials had it the fricking worst since the fricking Greatest Generation and didn't have a fricking war to bail them out.
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Literally
millenials had to do was keep a stable 
job. They coulda all been in homes by 05
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The further down the fiat currency arc we go, the more fricked the generation gets. If this were true, they wouldn't have make propaganda proclaiming it.
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Are you unironically supporting Austrian "economics"? If not what delusional school do you advocate for?
Friedman wept.
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Friedman said gold standard was better than unlimited government printing
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Friedman hated the gold standard with a passion. He wanted an algorithmic target instead of a FOMC dictated target. Largely the same system we have today but with fewer humans.
New-Keynesian monetary policy is monetarist monetary policy. In the 80's a socialist accidentally proved Friedman correct with math, the ultimate settlement was that the monetarists agreed to be called Keynesians and Keynesians agreed they were wrong. The 70's ultimately broke Keynesian monetary policy because the Phillips curve broke.
Based (((Bernanke))) then went on to do QE which was also a Friedman policy.
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its all bullshit lmao. just make money. if the money sucks, put it in a different money. its not hard.
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Basing money on a basket of inelastic goods you Keynesian scum
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I didn't know they still made you people. Didn't you all die out with mercantilism?
The only more cringe is if you like MMT.
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Read a history book r slur
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Both of you are wrong
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rich in NFTs and crypto
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Did you learn nothing from the self immolators manifesto? Crypto is a Ponzi scheme and they will have nothing.
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can we use self-immolating zoomers to heat our houses
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Probably? Do you have a fireplace?
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no but heat rises so i could probably repurpose the paint room in the basement
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Its practially the opposite of a ponzi scheme. That one with sam bankman fried was an absolute ponzi scheme which is why the government bought in
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lmao housing prices have gone up by like 50% in the last 5 years and boomers are spending the last of their inheritance money on cruises. Everything will be owned by the Blackrocks of the world within 5-15 years, and pseudocommunist serfdom will have successfully been reintroduced into western society.
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For real man its like winning the lottery but i dont even have to pay taxes on it
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Have you tried getting a job? Namaste
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no
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Everyone in the reddit comments complaining about βmuh inflation muh housing muh gasβ should be shot, the data are all in 2019 prices.
Other than that, yeah, not that surprising; there are certainly pain points in the modern economy (just like every other economy in history) but the fact that one of the biggest economic/cost of living controversies recently was over the cost of hiring unskilled labor to bring food directly to your door should have been an indicator that ppl are not starving.
Personally I think it's a combo of a) people don't understand how much modern innovations have improved QoL and imagine teleporting back to 1980 and keeping all those improvements while also spending less $$ on rent; b) overrepresentation on Twitter/reddit of ppl who were raised by middle-aged UMC parents who haven't been working long enough to get themselves up to middle-aged UMC living standards without parental support and are frustrated over having a lower standard of living than their childhoods; c) generic social media complaint about having the life of the ultra rich constantly blasted at you thru your phone.
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I'm literally
living 
so much better 
than 20 years ago despite 
ONLY having my pay increased by 100% looolol
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None of this is new. I remember articles back in 2010 pointing out that millennials were perma fricked as a generation because of the Great Recession hurting their life time earning potential permanently when compared to other generations.
But my generation (millennials) ended up being super cringe so maybe we deserve it. The sad thing is zoomers are even more cringe and deserve it happening to them too.
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I've heard a zoomer b-word about not having money for essentials after dropping $100.00 for a "vintage" Tupac shirt so idk if they're going to keep it
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If this is true it's probably because of 2008 right?
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Oldest zoomers are about 28. So that means the oldest ones graduated into a 4% unemployment environment (would be sub 4 within a year) with the S&P averaging 13% returns. There probably hasn't been a better time to start.
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Zoomer is defined as between 1997-2009 (sometimes 2010)
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Footchads stay winning
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More like
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Hahahaha
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Very low bar
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It's amazing to me that the entire jo*rnolist apparatus is built on making sure people don't understand capital vs consumption expenditure, and avoiding the concept of consumer capital entirely.
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I remember reading something like 25% of zoomers are homeowners so⦠maybe
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meanwhile young home ownership is on par with historic rates
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Either a lie or weak methodology
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Snapshots:
https://txtify.it/https://econ.trib.al/6LjPIZD:
ghostarchive.org
archive.org
archive.ph (click to archive)
https://old.reddit.com/r/Economics/comments/1c5wtuq/generation_z_is_unprecedentedly_rich/?sort=controversial:
undelete.pullpush.io
ghostarchive.org
archive.org
archive.ph (click to archive)
https://old.reddit.com/r/Destiny/comments/1c6bs9s/the_economist_generation_z_is_unprecedentedly_rich/?sort=controversial:
undelete.pullpush.io
ghostarchive.org
archive.org
archive.ph (click to archive)
https://old.reddit.com/r/lostgeneration/comments/119trru/do_you_think_gen_z_will_be_richer_than_millenials/?sort=controversial:
undelete.pullpush.io
ghostarchive.org
archive.org
archive.ph (click to archive)
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