• SCB@lemmy.world
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    1 year ago

    By age 35, 17% of baby boomers moved into a prestigious professional careers after graduating college, such as law or medicine, while 7.3% of millennials did the same.

    By age 35, 62% of boomers owned homes, while 49% of millennials were homeowners. Around 14% of millennials had negative net worth, compared to 8.7% of baby boomers.

    Gonna be real weird to see the very sudden shifts in wages and housing affordability as Boomers continue to exit both markets.

    I really think that a lot of policy-makers are going to be blindsided about this despite a literal generation of warning.

    • Queen HawlSera@lemm.ee
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      1 year ago

      Many of humanities problems, will be solved by a lot of humans just up and dying. This is because our problems are being caused by people with names addresses and agendas. I’m not advocating murder, I’m merely pointing out the fact that many of the economic woes will vanish as the Baby Boomers die off and their wealth goes to people who will actually use it for shit