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from the would-you-like-fries-with-that? dept.
More than half of American millennials, the generation of people born between 1981 and 1996, believe that they will one day be millionaires; one in five think they will get there by the age of 40. These are the findings from a survey conducted in 2018 by TD Ameritrade, a financial-services company.
But a working paper by the Brookings Institution, a think-tank, offers a sobering antidote to this youthful optimism. It finds that millennials are less wealthy than people of a similar age were in any year from 1989 to 2007. The economic crisis of 2008-09 hit millennials particularly hard. Median household wealth in 2016 for 20- to 35-year-olds was about 25% lower than it was for the similar-aged cohort in 2007.
[...] But all is not lost. Millennials are living longer and are the best-educated generation in history. Taken together, this could yet mean that the youngest millennials, who have been less scarred by the crisis, could contribute towards their retirement pots for longer. Then there is mum and dad: even if they don’t become millionaires, millennials will one day inherit from their parents, and that may help redress their relative poverty.
(Score: 3, Interesting) by bzipitidoo on Tuesday April 23 2019, @09:06PM
Just cheaper to pay up?!? Get another lawyer! That you were never billed sounds like a major violation of due process. And there's also a provision in the Constitution that children shall not be held liable for the crimes of their parents.
I wonder if the viral video route would have been the answer. A recording of all these officials committing robbery in the name of Big Pharma would at the least be highly embarrassing.
> And funeral costs, can't really escape those if you care about the person.
Yes, you can. You just have to put aside those social expectations that you have to pay for disposal of the body in a manner deemed respectful. Even cremation is fairly expensive. Donate your dearly departed one to science. That's free. And why should that mean you don't love them? It sure did not mean that to us! It's what we did with my father, and we are sure he would have liked that, though all he ever said on that subject was that after he's dead he won't care any more what happens to his body or possessions. He was a big admirer and follower of science, and also very frugal. The donation was a final service, that with our help, he could do towards progress. Apparently so few people go that route that they are far from overwhelmed with offers. I don't know how long that state of affairs will last. I fully expect donating to science won't be free if lots more people start doing it, and they may. But in the meantime, as long as most people feel that's disrespectful or cheap or whatever, and let the funeral industry sucker them into showing their respect and love by throwing lots of cold hard cash away on funeral arrangements, well, that's their problem. We held a memorial at his favorite restaurant, and the hell with those bandits in the mortuary biz. Paying for everyone's food at the restaurant was much less costly than merely renting space at a funeral home for an hour, their prices are so high.