r/economy
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Thoughts????
Boomer Dad explains why America is experiencing labor issues and hits the nail on the head
Only 6% of US Wealth Belongs to Millennials
The people in the age category of 28-42 own just 6% of all US wealth. In 2019 before Covid it was just 3%. During the same time in their lives Boomers had 22% of all US wealth and Generation X 12%.
So the prime age category owns 1/4 the wealth the Boomers and 1/2 Xlers had during the same time period of their lives. No wonder they cant afford housing or children.