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17 Comments
I feel like this chart just makes the silent generation look silently wealthy when actually you’re adding two generations together until the 2000s
Should be done on a per capita basis to compare.
So millennials are on par with old folks who are on a fixed income? Sounds about right
Is it true that Mark Zuckerberg is atrubited to 1% of that total millennial wealth?
Great, the boomers have all the wealth. I don’t trust them to fix climate change, AI job displacement, or any other problems, other than scratching their asses.
Why are the baby boomers an 18 year generation and the rest are 15?
This is interesting data, but the presentation leaves me with more questions:
* How much of “Silent and earlier” includes the “other”
* How does it look per capita?
* What does it look like all plotted from the start of the generation?
If I read this correctly, the silent generation has passed their wealth to boomers who haven’t passed on much and are just sitting on it? Is that right?
This seems wildly misleading if it is not per capita
The generation’s aren’t the same size
What is one supposed to read from that data? Old people die and the next generation inherits? The wealth distribution across age groups over time would be more interesting I think. The only striking thing here is that genX was not able to obtain the same wealth as boomers, while millennials are in the exact same position as genX but shifted by one generation.
Boomers are living longer
Three things strikes me; yes the size of wealth the silent and earlier have.
Greatest generation is up to 1928 so youngest by 1990 is 62 years old, so could say 50% of the wealth is greatest generation and 25% silent which gradually transferred between them hence long decline over 33 years of the chart.
Baby boomer wealth seems to have peaked already.
If you add x and boomer together, they would exceed 75% mirroring the silent generation but note that boomer has 15% wealth compared to millennial 5%
Given the distribution of wealth in the US, isn’t this mostly just a graph of millionaires by generation?
More interesting to me would be a graph comparing each generations wealth distribution to the overall share, e.g., what percentile of wealth overall is the Nth percentile of each generation?
Like, the 90th percentile gen z might only be at the 10th percentile overall, but the 50th percentile boomer might be 90th percentile overall.
Did anyone else notice the giant gap above gen x in 2023? Who has that money?
Hahaha gen Z didn’t make the cut
This chart should be on r/millennials. Somehow, the well known economic principle that people accumulate wealth over a lifetime seems to be viewed as a wrongful moral outrage – invented by evil Boomers for the first time in history.
You are really just showing the percent of the population in each generation.