The Economist says Zoomers are richer than Millennials were at the same point.

Women now earn more than men between 20-30. What are feminists doing to fix this wage gap?

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.

And they spend all their money on weed and ordering SlopDash

I'll never stop enjoying watching americans seethe about money. basically the entire american economy is just consumer spending, every year people spend more, theres more people than ever paying more money than ever for fast food, for streaming, for clothes, for basically every single measurable metric, yet when you tell them to slow down they fricking spaz out and whine about housing or the 1% or jews depending on who youre talking to

How did Gen Z already forget the Great Recession?

>people in their 20s during the 2008 financial crisis had less money and overall worse economic prospects than other people have 15+ years later

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.

rich in NFTs and crypto

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.

Everyone in the reddit comments complaining about “muh inflation muh housing muh gas” 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.

I can't wait till the US gets a nice real economic crisis again where its "I need to go to the food bank because I cant afford rice and beans and condensed milk anymore because no where not even mcdonalds is hiring" rather then "I cant doordash every day, buy designer clothes, stay in a nice downtown apartment and have enough to save for a house within distance of the city"

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.

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

If this is true it's probably because of 2008 right?

>whoever made this graphic though 🤌

Footchads stay winning

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

Hahahaha

Very low bar

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.

Well, we are about 15 years out from the GFC, which is also the span usually associated with a generation in this context. Given that there has not been an equivalent crisis recently, this could just be an artifact of zoomers not having their careers royally fricked up by the 08 recession*. But I also know absolutely nothing about what I'm talking about here.

*for context, I hate millennials and they fully deserved it

I remember reading something like 25% of zoomers are homeowners so… maybe

>nooooo we're never going to own a home

meanwhile young home ownership is on par with historic rates

Either a lie or weak methodology

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/:

• 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/:

• undelete.pullpush.io

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• archive.org

• archive.ph (click to archive)

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