this post was submitted on 20 Jul 2024
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collapse of the old society

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Young Adulthood Is No Longer One of Life’s Happiest Times (www.scientificamerican.com)
submitted 1 month ago by Midnight@slrpnk.net to c/collapse@slrpnk.net
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[–] mrpants@midwest.social 11 points 1 month ago (1 children)

People earn more as they age there's no doubting that. However young adults now own less assets overall than their parents or grandparents did at their age. It continues that way for every age cohort too.

The baby boomer generation owns and has owned more wealth than any other generation in US history even when accounting for age.