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by mandmandam
1144 days ago
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Millenials hold 4.36% of US wealth. Boomers hold 53.2%. Those figures are from 2020 - it's probably gotten worse since. ... And those wealth holders aren't just ignoring the problems of today; they're exacerbating them. Ageism won't solve our problems - all of this is still very much a class issue. But let's not pretend that as a generation, the Boomers didn't fail like no generation has ever failed. And let's not pretend they aren't still blaming the victim. |
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It's gotten better, because boomers are retiring and spending down their assets. …or, of course, dying of covid.
Millenials are pretty much on track actually: https://www.stlouisfed.org/institute-for-economic-equity/the...
Wealth inequality in the US is also down since 2019 because of wage growth at the low end.