I hope you all appreciate what I expose myself to in order to dredge up slop for you all. There’s no more radioactive quarter of the internet than whatever the hell LinkedIn News is.
Their source:
wealth quadrupled from 2019 to 2022
shout-out to the boomer remover, I guess. Really great way to run an economy
you can in fact quadruple a negative number
Underrated post
Now show me wealth distribution amongst millenials
It’s just Mark Zuckerberg.
I think they’re sourcing this claim from a different article on the same subject:
Empower data shows Millennials wrapped 2024 with an average net worth of $333,096
That’s the claimed average. Doesn’t pass the basic smell test, even with massive inequality.
Don’t care when will my zoomer wealth quadruple (to $400)
Never. They’ll just release an article in ten years gaslighting you about it like this one.
These articles almost always omit that “millennial wealth” is concentrated in a smaller proportion of that cohort than previous generations, and that those millennials with the most wealth got most of it from inheritance
Oh fuck off. Every millennial I know still rents.
Even the ones who own homes all have mortgages cosigned with or just straight up under the name of their parents. The only options available are to rent, live with your parents or if you’re real lucky rent to own from your parents.
Definitely anecdotal but for every person I know who is making 6 figures and owns a home in that age bracket I can easily think of 3 that are scraping by, have known a few people in recent years that lived in shipping containers for extended periods of time.
Wealth is increasingly concentrated in smaller and smaller amount of people.
Successive generations have been having less and less children.
Older millenials are reaching the age when they inhereit generational fortunes.
Shut up.
The picture is also funny. “Oh look, honey, our wealth just quadrupled”.
*Shows four late notices of payment requests*
2019: Millenials have a dollar to their name. 2022: Four dollars
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Jesus this country is cooked
It’s about time for Hoovervilles to make comeback
Generational politics are fake, this is all because Zuckerberg made a shitzillion dollars and drags the average way up.
Damn I didn’t realise I had an appreciating home, that’s good to know!
Surprise!