Holy fucking shit

(http://www.autoadmit.com/thread.php?thread_id=3992860&forum_id=2#36176729)

With a median household income of $40,581, millennials earn 20 percent less than boomers did at the same stage of life, despite being better educated, according to a new analysis of Federal Reserve data by the advocacy group Young Invincibles.

The analysis being released Friday gives concrete details about a troubling generational divide that helps to explain much of the anxiety that defined the 2016 election. Millennials have half the net worth of boomers. Their home ownership rate is lower, while their student debt is drastically higher.

Lack of young homebuyers fuels generational wealth gap

The generational gap is a central dilemma for the incoming presidency of Donald Trump, who essentially pledged a return to the prosperity of post-World War II America. The analysis also hints at the issues of culture and identity that divided many voters, showing that white millennials — who still earn much more than their blacks and Latino peers — have seen their incomes plummet the most relative to boomers.

Andrea Ledesma, 28, says her parents owned a house and were raising kids by her age.

Not so for her. Ledesma graduated from college four years ago. After moving through a series of jobs, she now earns $18,000 making pizza at Classic Slice in Milwaukee, shares a two-bedroom apartment with her boyfriend and has $33,000 in student debt.

(http://www.autoadmit.com/thread.php?thread_id=3992860&forum_id=2#36176740)

Individual, family, or per capita income stats are almost always going to be superior.

(http://www.autoadmit.com/thread.php?thread_id=3992860&forum_id=2#36182556)

(http://www.autoadmit.com/thread.php?thread_id=3992860&forum_id=2#36182672)

LJL

(http://www.autoadmit.com/thread.php?thread_id=3992860&forum_id=2#36177848)

by the time i realized that i had been brainwashed from birth to fall into a life-crushing scam, it was too late.

(http://www.autoadmit.com/thread.php?thread_id=3992860&forum_id=2#36178059)

and the only "IRL examples" I had of what adult life was like were boomers who had made it and constantly preached the necessity of education.

so LJL at your arrogant dismissal of the brainwashing and scamming of children born in the very late 70s/early 80s. keep defending boomers, GC, and the education fraud.

(http://www.autoadmit.com/thread.php?thread_id=3992860&forum_id=2#36179832)

EDIT: Also, $100k in student debt is nothing these days. Law school is like $60k/year + COL. Med school is that much but 4 years. Even Ugrad - it is tough to not end up with $100k+ in debt if you have to pay the cost yourself.

(http://www.autoadmit.com/thread.php?thread_id=3992860&forum_id=2#36182021)

jfc

(http://www.autoadmit.com/thread.php?thread_id=3992860&forum_id=2#36179082)

This is basic human nature. Everyone measures their self-worth and accomplishments based on the accomplishments both of their peers and of those that came before them.

"When it is painfully apparent that achieving such life simply is not a possibility, young "adults" turn to SJW nonsense to fill the void in their lives."

Also basic human nature to give up the competition when you realize you're going to lose badly, though it is being manipulated into this SJW BS by the very Boomers that are being blamed.

(http://www.autoadmit.com/thread.php?thread_id=3992860&forum_id=2#36182521)

After moving through a series of jobs, she now earns $18,000 making pizza at Classic Slice in Milwaukee, shares a two-bedroom apartment with her boyfriend and has $33,000 in student debt.

After moving through a series of jobs, she now earns $18,000 making pizza at Classic Slice in Milwaukee, shares a two-bedroom apartment with her boyfriend and has $33,000 in student debt.

(http://www.autoadmit.com/thread.php?thread_id=3992860&forum_id=2#36179671)

Of course, at our age our parents barely got to America and barely spoke English. And even now they say it's insane how we ever need to worry about losing jobs while making some basic effort and why aren't promotions just handed to is??

(http://www.autoadmit.com/thread.php?thread_id=3992860&forum_id=2#36179904)

GREAT STORY I KNOW WE ALL APPRECIATE ANECDOTES THAT REMIND US THAT AGGREGATED POPULATION-LEVEL STATISTICS DO NOT DESCRIBE EACH OF THE CONSTITUENT MEMBERS OF THE DATA SET

(http://www.autoadmit.com/thread.php?thread_id=3992860&forum_id=2#36182577)

(http://www.autoadmit.com/thread.php?thread_id=3992860&forum_id=2#36182678)

Boomer sense of entitlement, bros.

(http://www.autoadmit.com/thread.php?thread_id=3992860&forum_id=2#36182622)

Also, the last time I met them, you know what they gave me grief over? That I need to find a more striverish job that was more hours and more money (despite the fact that I make more than either one of them ever did).

(http://www.autoadmit.com/thread.php?thread_id=3992860&forum_id=2#36182696)