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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.

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[–] • 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.