Millennials often are the butt of jokes or else pitied. It’s unfair and also really arbitrary to lump a generation as diverse age-wise as Millennials together and assume they all behave the same and have the same life experiences, but there you go.
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Unfortunately, one thing that seems to be true is that Millennials are, at this moment, the poorest generation.
When CEO Dan Price, who is known for cutting up his million-dollar paycheck to divide it among his employees so they could earn $70,000 yearly minimum, tweeted about this reality, he sparked yet another conversation about wealth inequality.
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“Millennials hold 4.8% of all wealth. There are now 40-year-old Millennials. At the same age, Gen X had 9% of wealth. Boomers had 21%. The largest generation in history did what the system told them to do and became the most-education in history. Now they’re the poorest in history.”
Price’s tweet encouraged others to engage in the conversation about why Millennials have had such bad luck.
There’s the traditional blaming of Boomers for giving Millennials a lousier world than they inherited (a social media user called them the “locust generation”). Others noted that Millennials were basically lied to and gaslit about the goals they had to achieve in order to make good on the “American Dream.”
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It’s very grim, but take comfort in the fact that Millenials will always have excellent, self-deprecating humor to make light of the economic tragedy that is their lives.
Featured Image: Twitter
*First Published: May 19, 2021, 1:00 pm
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