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It's over for millenials and zoomers. They're generation of slaves basically.

It's over for millenials and zoomers. They're generation of slaves basically.

(post is archived)

[–] • 3 pts

there are worse things that not having wealth, im more curious who owns the majority of the debt

[–] • 1 pt

https://www.visualcapitalist.com/visualizing-u-s-household-debt-by-generation/

According to this, and https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/table/quarter:119;series:Net%20worth;demographic:generation;population:all;units:levels

Millennials average net worth is 90k, average debt, 85k.

Gen x average net worth is 560k, and 140k debt.

Baby boomers 900k average net worth with 97k debt,

and silent generation is 890k average net worth with only 43k average debt.

Millennials are by far in the worst shape with their net worth to debt ratios.

[–] • 0 pt

This look even WORSE when you compare past incomes to debts. Millennial's average income according to google is 47,000 a year. According to the visualcapitalist link I sent, they are on average in debt 85k.

In 1950 the average american was $500 in debt with an average income of 33k. The debt ratios for the newer generations are REALLLY REALLY bad compared to the past.

[–] • 0 pt

im more curious who owns the majority of the debt

Do you really have to ponder who owns most of the debt? This is Poal. It's well known who owns the debt and how they use it to control everyone else.

[–] • 0 pt

Yea... I may have mis-answered what he was asking if he was really asking who owns the debt(((lol))). But that's such a simple answer, the banks. The banks own the debt. The question then becomes who owns the banks, and I would assume we all already know that.

[–] [deleted] • 2 pts

But occupy over 50% of all basements

[–] • 1 pt

You want the Millennials to move out of your basements? Well hand over the reigns, boomers. If you keep occupying the good jobs and still take more than you give back, then you will have to put up with the Millennials failing to thrive. Can boomers do that without whining and crying?

[–] [deleted] • 1 pt

I guess you live in a basement?

[–] • 1 pt

No, I own a home for my family and me. My Greatest Generation mother-in-law lives with us and we take care of her, not the other way around. I'm not even a Millennial. I'm GenX and I have worked hard and been employed since I was 15 years old. Your boomer attacks will not work on me.

Tick-tock, tick-tock, tick-tock, boomer. Your time is nearly up. Tick-tock, tic-tock, tick-tock...

[–] [deleted] • 1 pt

Kinda bogus. We know (((who))) owns 90% of all wealth, and ita ain't the boomers. It's the joomers.

[–] • 0 pt

When their old parents die off, they'll have stuff.

[–] [deleted] • 2 pts

They'll just squander it just like they have done with their life.

[–] • 0 pt

Is that different from any other age group when they were this age?

[–] [deleted] • 1 pt

No... today's youth don't fucking know what real work is nor do they want to better themselves. The want to sit around and cry like babies begging for UBI and other welfare based shit. The only youth that are worth anything are the rural farmer kids.

[–] • 0 pt

Don't ask for whom the bell tolls, boomer. It tolls for thee.

Tick-tock, tick-tock, tick-tock. It is nearly midnight. Time is running short. The grabbing hands from Hell are grasping for you, boomer. Tick-tock, tick-tock, tick-tock.

[–] • 0 pt

Yes, it is very different, but only because of the debt ratios. According to https://www.thecentersquare.com/national/report-credit-card-debt-increases-by-24-500-percent-since-1970/article_28ef1aee-0bb5-11ea-b75c-abb27681170e.html

The average american in 1950 was only $500 in debt with an average income of 33,000. Today, if you look up average income of millenials it says it is 47,000 a year with an average debt of $80,000.

https://www.visualcapitalist.com/visualizing-u-s-household-debt-by-generation/

[–] • 0 pt

So what. If you aren't naming the jew who caused it why post?

[–] • 0 pt (edited )

Millennial Americans who own less than 5% of the nations wealth, yet are part of the 45-60% of the American population that can trace their ancestry to the colonial period isn't a good sign. Combine that with the discovery of how crippling the covid-19 vaccine is and you've got a bloodbath on the horizon.

All national declines are engineered and god tends to look dimly upon those engineers.

[–] • 0 pt

OK, someone check my math on this... The data the article refers to states ($6,500,000,000,000). According to there are ~ 72.1 million (72,100,000) millennials. That would mean the net worth of the average millennial is ~$90k. I'm well over that number due to the jews fucking with the housing market, but that's more that I expected.

[–] • 1 pt

Thats because you're looking at the average not the median. There are enough billionaires and millionaires to skew the average to a very unrealistic number for the average person.

If you use this metric for baby boomers then their average net worth is 900k, Gen X is 560k, and Silent generation and earlier 890k.

Millennials being 90k is very low comparatively, and it is very very top heavy with who has the money.

[–] • 0 pt

As you can see here https://www.visualcapitalist.com/visualizing-u-s-household-debt-by-generation/ The average debt held by the generations is fairly close, which means millenials are FUCKED with an average of 90k vs 560-900k.

Based on those numbers, the average millenial is in debt for 100% of their networth, while the average gen x is in debt for only 1/5 their net worth, baby boomers are in debt for roughly 1/10 their net worth, and, the silent generation is in debt for roughly 1/20 of its net worth.