0 sats \ 6 replies \ @BenAllenG 1 May \ on: GenZ is unprecedentedly rich charts_and_numbers
Isn't this just an indication that the inflation numbers are just blatantly misleading, if a 20 year old is making the same inflation adjusted dollar amount as a 50year old boomer there is something deeply wrong in the economy no?
additionally each generation being very uniformly above the previous generation seems to support this, each subsequent generation isn't magically able to be above the older generations economically as this chart would suggest, so there must be another explanation
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if a 20 year old is making the same inflation adjusted dollar amount as a 50year old boomer
I think you haven't understood the chart
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Is it not saying that a gen-z ~20 year old makes/made $40000 and a boomer ~50 year old makes /made $40000?
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No it's not saying that.
It's about household income. Zoomers & Boomers have in common that both are mostly 2 person households. With boomers (born between '46 and 64' being around 60-78 years old) having a lot of retirees or households with only one person working. Considering the low unemployment rate the Zoomers are working both or even count their parents income. In addition to that boomers have a nestegg as a cushion. Thus the difference between current Zoomers and current boomers is huuuge.
In a sense this graphic tells you little when comparing it this way. The more interesting thing - and what this graphic is actually made for - is looking at vertical lines. What were boomers like when they were as old as Zoomers are now?
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gothca, so then with zoomers making approximately 55% more than their boomer counterparts at the same point in their lives I wonder if their disposable income is appreciably higher?
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I’m assuming adjusted for inflation?
Dumb question but the Economist magazine has diminished
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