SoylentNews is people
SoylentNews
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, Funny) by Azuma Hazuki on Tuesday April 23 2019, @10:44PM (2 children)
Shut the fuck up, Donny, you're out of your element! (Again)
I am "that girl" your mother warned you about...
(Score: 0) by Anonymous Coward on Wednesday April 24 2019, @07:33PM
It is hilarious when Trumplestiltskin Shitweaver gets a chance to talk about real estate. He is still pretty ignorant, but you can tell when his brain switches to a topic it has some comprehension. Then he almost seems human!
(Score: 2) by All Your Lawn Are Belong To Us on Wednesday April 24 2019, @08:51PM
+1 for Lebowskism.
I'm going to see if I can make a new mantra before posting for awhile.... The Lawn Abides. (Prediction: failure).
This sig for rent.