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May 27, 2020
8:33
:14
am
Artist
Redshirt Freshman
Wonde if it has to do with housing crisis hitting at their peak earning period
Looks like economic event timings could have some causal connections to these results.
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Artist
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Artist
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May 29, 2015
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Jun 26, 2024
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A lot of interesting generational wealth/employment statistic charts in this article:
TCuz
Disgraced Rules President
5/27/20 7:46am
75+ are 100% richer than they were in 1989, and 54 and under are in debt. Right?
grosven
5/27/20 7:54am
I interpreted it as saying that the age cohorts under 54 have a smaller share of
OlanchoCoug
5/27/20 8:03am
30 and under weren't even born, and wealth is cumulatively negative for 54 under
grosven
5/27/20 8:06am
Yeah, you've got a point. I think I was mistaken.
OlanchoCoug
5/27/20 8:07am
I think it’s comparing the people that were 25-34 in 1989 to people that were 25-34 in 2016.
TCuz
5/27/20 8:10am
That makes sense to me.
grosven
5/27/20 8:20am
Wealth isn’t cumulatively negative for that group, just their change in wealth.
garyfan
5/27/20 8:10am
I don't think its share of wealth
Linescratcher
5/27/20 8:09am
It's under 54 of 2020 is relatively worse off than the under 54 of 1989
grosven
5/27/20 8:24am
I think that's it. Graph charts how cohorts change on relative basis over time
Linescratcher
5/27/20 8:36am
My age is right at the margins of this thing...
CoachSpeak
5/27/20 8:56am
the simple answer is you chose a good time to be 23
Linescratcher
5/27/20 9:05am
The wealth of younger generations will probably look more like a J-curve. The key is to not freak out when you’re at the
Odysseus
5/27/20 7:59am
On an individual level, you are probably right.
OPINIONS
5/27/20 8:39am
55-64 y/o's losing so much wealth in the last decade of their career is wild.
OPINIONS
5/27/20 8:04am
Wonde if it has to do with housing crisis hitting at their peak earning period
Artist
5/27/20 8:33am
the vast majority of those that lost businesses during that time period
Nat Gas Man
5/27/20 10:04am
If the article is behind a paywall, try this twitter link:
TCuz
5/27/20 8:11am
Freakin' boomers
letthewookieewin
5/27/20 9:03am
This chart is tricky but really interesting. It makes sense to me that people over 75 would have more wealth today than
Odysseus
5/27/20 9:09am
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