this post was submitted on 20 Sep 2023
1234 points (98.3% liked)
Memes
45910 readers
1118 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Boomers and gen X are the ones not able to retire. Most of the younger generations have that ability.
Please explain.
They haven't saved for retirement and grew up in an Era with with work offering pensions as rare.
Younger generations have greater growth and more savings across the board.
Holy fuck.
Generational wealth gap is an undisputed economic reality, especially when comparing any generation to boomers. Boomers have acquired more wealth by ever age benchmark than any generation to ever exist.
And pensions were very common decades ago. Now they’re mostly gone:
https://www.investopedia.com/articles/retirement/06/demiseofdbplan.asp
Your brain is broken. You need to spend more time reading, and less time commenting for a long time.
Buried his ass in receipts. Love it
Trash data. That data conflate the average grandpa with Billionaire CEOs.
It really doesn't
Reading comprehension level: 0
Argument-supporting ability level: 0
Data isn't trash just because you say it is.
Where's your better data then
Assuming every member of the 1% in the US is a baby boomer, the value of the real estate they own accounts for about 1/3rd of the total real estate wealth owned by boomers.
Why are you talking trash instead of delivering? This is the best way to learn something new for bystanders like me and you give up...
I fully expect a lot of the younger generations to say "fuck it" and just live in poverty instead.
I'm already seeing this attitude in my adult son and his friends and it's getting increasing hard to motivate him when he sees no light at the end of the tunnel to work for.