| ▲ | mvr123456 4 hours ago | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
> The data shows millennials as a whole are better off than boomers were at their age. Perhaps true if you go east far enough, seems objectively wrong for the majority of the west though. Honest question, if you think this and it isn't just rage bait.. what data supports it? Scott Galloway disagrees and offers hard data, and goes as far as calling it intergenerational theft. https://www.youtube.com/watch?v=qEJ4hkpQW8E | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▲ | SilverElfin 4 hours ago | parent [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
> Perhaps true if you go east far enough, seems objectively wrong for the majority of the west though. Much of the (American) millennials generation believes a story that they’re worse off. I feel it is a convenient story for people to tell themselves and blame someone else for their perceived losses. But I pulled up several articles supporting my claim with a quick search, even though the opposite narrative is more widespread. Example article about how inflation adjusted net worth is higher for millennials than it was for boomers at the same age: https://www.newsweek.com/millennials-financially-better-off-... Galloway isn’t necessarily wrong in the individual data points he raises. But if you look at the sum of all of the factors - higher rents, more student debt, etc but also the positive things - the net worth in the end is higher for millennials. And remember this is inflation adjusted already. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||