Do you have a source I can share?
SoftestSapphic@lemmy.world 6 days ago
At any point in their lives, Millennials will have about 1/4th the buying power of Boomers.
At any point in their lives, GenZ will have about 1/4th the buying power of Millennials, anout 1/16th the buying power of Boomers.
Empricorn@feddit.nl 5 days ago
SoftestSapphic@lemmy.world 5 days ago
AdolfSchmitler@lemmy.world 5 days ago
MVP for coming thru on a source
isVeryLoud@lemmy.ca 4 days ago
Good source, thanks! I wish it also showed Gen Z
Wizard_Pope@lemmy.world 4 days ago
Well older gen z in 2019 were barely starting to become adults. Most of us were still teens by that time
multifariace@lemmy.world 5 days ago
Wealth is already being redistributed, just in the wrong direction.
tootoughtoremember@lemmy.world 5 days ago
Can I get the source on that? Feels right, but I want to be able to reference it.
BlameTheAntifa@lemmy.world 4 days ago
The numbers are “made up” and not based on any data. The data we do have is much more complex and murky.
A more accurate way of phrasing it is that older generations have hoarded finite resources, locking younger generations out of milestones like buying homes, which also means locking them out of building equity and setting down community roots, which makes them delay or abandon starting families, which means a higher percentage of their money is spent on surviving instead of living, etc.
If you look at the studies, they will try to argue to generational “wealth” is akshually increasing against inflation and cost of living. But if you look more closely, you will also notice how they conveniently avoid the aforementioned facts. So while those fractions are not based on actual measurements, they still convey a very real concept that is being felt deeply and not being appropriately measured or dealt with.