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posted by Fnord666 on Tuesday April 23 2019, @12:15PM   Printer-friendly
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.


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  • (Score: 2) by janrinok on Wednesday April 24 2019, @06:00AM (2 children)

    by janrinok (52) Subscriber Badge on Wednesday April 24 2019, @06:00AM (#834238) Journal

    The bots use exactly the same sources as SN - it actually reads the news items from the SN feed, strips out all the advertising or scripts, and produces a submission.

    Any editor can use Arthur, it is also part of our IRC story submission system which I, personally, have never used. And anyone, AC or registered member of our community, can use Arthur to submit a story via IRC.

    I can tell your very jealous of American Millennials & Billennials. Because they're much richer than you. Much younger than you. And, much more beautiful. Thanks to fabulous Plastic Surgery -- the best in the entire World. And the very special Lipstick that makes lips look HUGE!!!!

    ...said the orange man.

    your

    should be "you're"

    Because they're much richer than you.

    Which proves that you know nothing about me at all.

    Starting Score:    1  point
    Karma-Bonus Modifier   +1  

    Total Score:   2  
  • (Score: 2) by realDonaldTrump on Thursday April 25 2019, @02:10PM (1 child)

    by realDonaldTrump (6614) on Thursday April 25 2019, @02:10PM (#834750) Homepage Journal

    You submitted the story -- you say you submitted it. But, your Robot Produces the Submission. And, anybody can use it. But, you've never used it. More Bullshit. While Front, or Mainpage is covered with Arthur this, Arthur that!!!!

    • (Score: 2) by janrinok on Thursday April 25 2019, @03:18PM

      by janrinok (52) Subscriber Badge on Thursday April 25 2019, @03:18PM (#834781) Journal

      Anyone (including ACs and even you) can go on our IRC channels and select an article for submission. It will be processed by one of 2 bots (Upstart or Arthur) depending on which command they choose to submit their story. Both are submitted automatically and the submitter is shown as the bot's name. I wrote the original Arthur bot and it is now available for anyone to use. I don't have to be aware that it is being used and I do not have a hand in every submission that it generates. Arthur has its own user account (6256) as does Upstart. This allows the submissions to bypass certain security features that we place on some bots that we use protect the site from some denial of service attacks.

      Copies of Arthur, which is now in version 3, have been given away to over 40 people, anyone of whom can use it to find and submit stories, in addition to the IRC version. They will all show that they have been collected by Arthur T Knackerbracket which helps the editor to identify the level of processing required for that submission. The fact that this is too difficult for you to understand suggests that this site is a little too taxing for you. Perhaps you should stick to politics....