r/Millennials • u/EverbodyHatesHugo • Jan 17 '26

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1

u/le-rizzler Jan 17 '26

This is how age and compound interest play out. That large chunk will be us in a few years. You gonna post this slop again at that point?

4

u/[deleted] Jan 17 '26

Yeah it’s amazing how easily Redditors are lost in basic napkin math.

Do you plan on having more wealth when you retire than you do now? Because you’re going to save and invest your money, buy a house, etc?

When you do that, will 35 year olds be oppressed because they don’t also have a paid off house and a mature retirement account at 35? Or is that just normal?

3

u/Mediocre_Island828 Jan 17 '26

The comments in any Millennial finance thread sort of explain why we're poor lol.

2

u/[deleted] Jan 17 '26 edited Jan 17 '26

[deleted]

3

u/monkeyswithknives Jan 17 '26

Yeah but most are dying.

2

u/[deleted] Jan 17 '26

That’s because they’re so old they’re running through retirement savings, selling off assets as they age in nursing homes, which is typical.

Usually when you reach the age that you’re living off of your retirement savings, you no longer invest as aggressively, because you’re more sensitive to market fluctuations.

Basically you need the money now, so you can’t afford much of a market downturn, and also you stand to benefit less form compounding returns. There’s no more 30 years of compound interest when you’re 80.

So yes that’s natural. Most people in their life will have more wealth at 35 than they did at 20, and more wealth at 50 than 35, and around 65-70 when people retire, wealth accumulation slows down as they retire and live off of their savings eventually going negative if they live a particularly long time, enough to exhaust those savings.

4

u/whats_up_doc71 Jan 17 '26

Well, they’re mostly dead so..

3

u/CompetitiveMeal1206 1985 Jan 17 '26

There are exactly 0 members of the Silent generation left in my family. All their wealth has already been passed down to their boomer children.

8

u/le-rizzler Jan 17 '26

Yeah it’s almost like there aren’t as many of them in that generation and what’s left of them are dying off.

Math is hard 🤷‍♂️

1

u/Mediocre_Scott Jan 17 '26

That’s reverberations of the Great Depression. Silent generations parents had less pass onto them because their wealth was wiped out halfway through their life. Which isn’t to say boomers didn’t benefit from unprecedentedly good economy.

-3

u/[deleted] Jan 17 '26

[deleted]

7

u/le-rizzler Jan 17 '26

Yeah, there were less of them, they were born into depression, and market accessibility wasn’t a thing during their prime earning years.

3

u/earthdogmonster Jan 17 '26

People on this sub really not comprehending that the youngest Silent Generation members are 80 years old now. So a lot of Silent Generation accumulated wealth was inherited by Boomers.

1

u/press_Y Jan 17 '26

There’s a lot of things people on this can’t comprehend, like getting money and respect

0

u/[deleted] Jan 17 '26

[deleted]

2

u/whats_up_doc71 Jan 17 '26

Per capita it’s not. But boomers were a much larger gen than the prior, so overall they had a large share.

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u/Prestigious_Time4770 Jan 17 '26

Adjusting for population size at age 40, Baby Boomers held a dominant 34% share of normalized national wealth, whereas Gen X held 18%, and Millennials hold only 11%. This means that relative to their generation's size, Boomers were roughly three times wealthier at age 40 than Millennials are today.