undefined | Better HN

0 pointsOneTimePetes4y ago0 comments

Yes, but those "previous generations" had oxygen in the tank, as in financial assets stored away from the good times, to survive the bad times. Millenials go pearl diving.

0 comments

pcrh4y ago

Try telling that to all those laid off in the 1980's, or those who had to abandon family farms in the 1960's and 1970's, etc, etc.

Ordinarily it is the older generation that looks to the past with rose-tinted spectacles. Millenials must be one of the few times when it is the younger generation that does so.

nebula88044y ago

If you look at the arc of the whole generation and compare it to subsequent generations, overall the Boomers ended up much better off than their successors at the same point in time. Time is running out for Millenials to catch up. The oldest part of the cohort are in their 40s now so its looking as if they will end up poorer compared to their parents.

bryanlarsen4y ago

Poor people in the fifties did not have any financial assets.

j / k navigate · click thread line to collapse