House Racist
nuclearshill gau/cho :marseypinochet: aweonao  10mo ago (image post) 1,909 thread views #262949

The Economist says Zoomers are richer than Millennials were at the same point. :marseyzoomer: :marseycool2:

Unable to load image

https://txtify.it/https://econ.trib.al/6LjPIZD

The article behind the paywall

https://i.rdrama.net/images/17136325894794755.webp https://i.rdrama.net/images/17136325898932035.webp https://i.rdrama.net/images/17136325902857738.webp https://i.rdrama.net/images/17136325907168145.webp

https://old.reddit.com/r/Economics/comments/1c5wtuq/generation_z_is_unprecedentedly_rich/

A few reddit threads :#marseysmoothbrain:

https://old.reddit.com/r/Destiny/comments/1c6bs9s/the_economist_generation_z_is_unprecedentedly_rich/

Here are the doomers at lostgeneration :anticommunists:

https://old.reddit.com/r/lostgeneration/comments/119trru/do_you_think_gen_z_will_be_richer_than_millenials/

They will have the most shells and beads in the wasteland, yes.

Bottle caps

:#marseyvault: :#marseysoypoint:

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

!neolibs

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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:

https://i.rdrama.net/images/17136444432368095.webp

Net worth:

https://i.rdrama.net/images/17136444436553626.webp

Homeownership:

https://i.rdrama.net/images/17136444878045838.webp

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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Don't forget debt and housing costs

black trans lives matter

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Boomers and zoomers alike have/had mortgages.

https://i.rdrama.net/images/17136638786820247.webp

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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 β€œjust because I'm broke doesn't mean I don't deserve nice things.”

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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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lol millennials got completely assraped by boomers

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What are you talking about

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problematic homosexual age gaps, I assume

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what r u talking about clearly the graphs show they ar the same

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:marseytroublemaker:

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source? :sciencejak:

I cant find it with reverse image search :marseyquestion:

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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 :marseythonk:

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Yes they're inflation adjusted.

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