Millennial wealth deficit, in one chart

https://www.washingtonpost.com/business/2019/12/03/precariousness-modern-young-adulthood-one-chart/

by SQL2219 • 7 years ago

15 6 7 years ago

washingtonpost.com

anotheryou2• 7 years ago

Maybe they just don't save or maybe they are not part of the 1%.

median income vs cost of living would be more interesting to me

toomuchtodo• 7 years ago

Can't save if you can barely afford to live. Student debt, high COL housing, healthcare, etc. Boomers got a head start with great incomes (high quality of life on single earner income), cheap housing, cheap healthcare.

anotheryou2• 7 years ago

I just wanted to make the point that there might be a better graph.

whb07• 7 years ago

all those things are a symptom of low regulation. Take a look at the regulations over the years and it is just staggering https://regulatorystudies.columbian.gwu.edu/reg-stats.

The less regulated fields have shown massive increase in quality and or massive decrease in pricing which makes up for the price inflations of the other sectors.

lelima• 7 years ago

I always calculate the income of my grandfather against mine using [1] calculator, he was earning about 3k per month when he was about ~30. That's about 9.5k per month in today's money, I'm earning about 3.8k per month.

So is more than double, it kind of match the graph, which I found interesting.

https://data.bls.gov/cgi-bin/cpicalc.pl

subject117• 7 years ago

Boomers grew up in a generation of less regulated markets. Less regulated markets allowed for greater wealth creation. Easier to build wealth when there's more money to go around.

Millennial wealth deficit, in one chart

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