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0 pointsfallingknife3y ago0 comments

Millennials have more money than boomers did at the same age. There was no "boomer's easy life." That's a myth. https://www.theatlantic.com/magazine/archive/2023/05/millenn...

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cultureswitch3y ago

Complete bullshit. "adjusting for inflation" doesn't include the price of housing and the price of education, both of which increased at least one order of magnitude faster than salaries.

PreachSoup3y ago

Are you sure about that? Have you actually talked to the students about the cost of everything right now? Especially the housing stats is such an easy stats to game on. They usually mean the family unit who owns the place they live in, so if a student who lives with his parents, the whole family would be considered as home owner.

Btw Im not a student and I lucked out in the tech. I just feel sorry for the current kids

zbrozek3y ago

50 percent of Boomers owned their own home as 25-to-39-year-olds, compared with 48 percent of Millennials, hardly a difference deserving of headlines or social-media memes.

That's a ridiculously wide age range to use for comparison. And you'd be better off showing the median age of first home purchase or mortgage payoff. A modest increase in income or net worth is meaningless if housing has skyrocketed in comparison.

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