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muriel_volestrangler

(105,878 posts)

45. That minimum wage decline was pre-1989. Here's a graph of minimum wage, allowing for inflation

Reply to Withywindle (Reply #3)

Fri Oct 23, 2020, 02:39 PM

Oct 2020

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Newsweek Article: Millennials Control Just 4.2 Percent of US Wealth, 4 Times Poorer... [View all] Bettie Oct 2020 OP

The older you get the more wealth you accrue. brush Oct 2020 #1

Did you miss this part? Bettie Oct 2020 #2

They better vote in Democrats then. When Dems are in power... brush Oct 2020 #4

Plenty of Boomers don't give a fuck about that. Mariana Oct 2020 #9

It's not an attitude. It's just what happens in life if you're not... brush Oct 2020 #40

Do you believe Mariana Oct 2020 #41

I certainly didn't say millennials are complete screw ups. brush Oct 2020 #42

So? EVERYONE had significantly more wealth when Boomers were their age - this is unnecessarily Kashkakat v.2.0 Oct 2020 #43

No, that's wrong. The point is the Millennial *share* of wealth is smaller than earlier generations' muriel_volestrangler Oct 2020 #44

Wages have stagnated MUCH more severely in the last few decades Withywindle Oct 2020 #3

I just leighbythesea2 Oct 2020 #8

Yeah, they really got screwed on the cost of college TexasBushwhacker Oct 2020 #18

That is a lot to ask of a 16- or 17-year-old Withywindle Oct 2020 #25

Yes...absolutely, your last sentence is the thing we need to keep in mind... Bettie Oct 2020 #27

This message was self-deleted by its author appalachiablue Oct 2020 #31

+10 Amen, well said. In 3 generations my family attended college appalachiablue Oct 2020 #32

Yes, this "buyer beware" nonsense is exactly what exploiters count on. Caliman73 Oct 2020 #35

That minimum wage decline was pre-1989. Here's a graph of minimum wage, allowing for inflation muriel_volestrangler Oct 2020 #45

Yes, but that's missing the point. meadowlander Oct 2020 #39

Millennials getting shafted, big appalachiablue Oct 2020 #5

Yes, they are Bettie Oct 2020 #6

Between much lower wages, high college loan debt appalachiablue Oct 2020 #7

I agree with everything you said Bettie Oct 2020 #28

Does the article put it in historical perspective? GulfCoast66 Oct 2020 #10

They generally speaking have about 1/4 of the wealth you had Bettie Oct 2020 #11

Historical perspective: Bettie Oct 2020 #12

Thank you for the info. GulfCoast66 Oct 2020 #13

We just want free stuff, man Sympthsical Oct 2020 #14

I sympathize Bettie Oct 2020 #15

Part of it is also a lack of career security Sympthsical Oct 2020 #16

Yeah, my husband and I entered the work force right as they Bettie Oct 2020 #17

Greenspan, Ayn Rand, and Chicago School of Economics Lars39 Oct 2020 #29

+1 The birth of the libertarian controlled GOP. appalachiablue Oct 2020 #33

Agreed Lars39 Oct 2020 #36

As an older millennial I agree with you about the job hopping Jspur Oct 2020 #20

As a Gen Xer, this resonates Withywindle Oct 2020 #23

It's interesting how Gen X was the first generation to be worse off Jspur Oct 2020 #19

For the last 40 years, since Reagan Withywindle Oct 2020 #24

Agreed as a fellow millennial Jspur Oct 2020 #21

This Boomer understands and regards the system as unfair and cruel, #32 appalachiablue Oct 2020 #34

You mentioned your friend in another thread Sympthsical Oct 2020 #38

I also think the majority of our generation will not Jspur Oct 2020 #22

K&R Solly Mack Oct 2020 #26

They should vote then . In every election including octoberlib Oct 2020 #30

Kick appalachiablue Oct 2020 #37

Um, don't young people generally have less wealth than older people? brooklynite Oct 2020 #46

It is an apples to apples comparison: Bettie Oct 2020 #47