Listen: Jen, Ninety Two Thousand Dollars And Forty Nine Year discussed on The Michael Knowles Show
"Shape than jen's gen X or their parents. The baby boomers, they're looking down middle age actually, in worse shape than every living generation ahead of them. Why is this now what the millennials will do is, they'll blame the financial crisis and the recession fair enough? A lot of millennials graduated during an economic downturn. This does have negative effects on your earning potential for the rest of your life. However, we've also now experienced a full decade of economic growth and falling unemployment. I mean, we have millions of jobs right now, there are going unfilled, because there aren't enough people who are looking for jobs. We have virtually no unemployment at forty nine year. Lows in the economy is going gangbusters. We've had a huge bull run. The market is doing great. Also, by the way, during the recession and the economic downturn baby boomers, we're entering their nineteenth entering their fifties. So they were entering into their prime earning years during that downturn. So it hurt them as well. Everyone has had to suffer and yet millennials have less money, less property, lower marriage rates, and fewer children. They are not doing the things that adults are supposed to do, as they grow up, just as an example. The average household net worth of millennials is ninety two thousand dollars that is forty percent less than what gen-x had at the same age and twenty percent less than what baby boomers had at the same age and baby boomers were hippy dippy flower children. I can't believe they would have any money and yet millennial somehow have even less the only area where millennials are outperforming the people who came before us is in education and."