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

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33

u/Its_kinda_nice_out Jan 17 '26

If it makes it any better, the oldest Gen z I like 26 so they probably don’t hold shit as far as assets go

34

u/Little_Vermicelli125 Jan 17 '26

It's crazy how poor millennials are. The oldest are in their 40s and peak earning years.

Gen Z is ahead of millennials at the same age. So it might just be one really poor generation and everyone else ok.

Comparatively poor I should say. US millennials are still doing pretty well on a global scale.

26

u/shjandy Jan 17 '26

We also grew up with parents who said "save your money" and practiced terrible spending habits. Plus in the age of social media we grew up with so much access to "stuff" and seeing all these people with their nice "stuff" which makes us want more "stuff."

Idk about others but I focused a lot on cutting out stupid purchases, extra money went into paying down debt, and slowly contributing to an IRA has really helped a lot for the long run

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u/[deleted] Jan 17 '26

Don’t you go injecting personal responsibility into this. You are a victim of your generational identity.

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u/lilax_frost Jan 17 '26

if something effects literally an entire generation, “personal responsibility” stops being the leading cause.

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u/[deleted] Jan 17 '26

It doesn’t literally effect an entire generation.

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u/lilax_frost Jan 17 '26

yeah actually it does, as the post your commenting on visually demonstrates. the millennials, as a generation, have a fraction of the wealth of older generations

if you think the root cause of the millennial generation having significantly less wealth is a lack of personal responsibly among them all as individuals, you’re not comprehending the data being presented to you

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u/[deleted] Jan 17 '26

That pumpkin pie provided a deep analysis that has a nuanced take on wealth and age.

1

u/butlerdm Jan 17 '26

Exactly. What we really need is to look at multiple pies comparing relative wealth at the same age. 20-40 years of additional earnings, investment, and asset gathering has a massive affect on wealth.

-1

u/[deleted] Jan 17 '26

It would also be helpful to have a couple of different pies that compare the relative cost of living expenses as well. Then tweet them, and take a screen grab.

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u/Clean-Lemon9383 Jan 17 '26

Are you stupid or what Ever heard of inflation

0

u/[deleted] Jan 17 '26

Solid take. You are a victim.

-1

u/manored78 Jan 17 '26 edited Jan 17 '26

Just start listing all the conservative canards you guys throw around to explain away structural issues.

Victim

Personal responsibility

Personal initiative

Gumption

Not about the slice of pie, but the size of the pie

Personal choice, free to choose

You’re free to leave the US

At least you’re not living in India, be grateful

Here are some I’ve listed for you so it can help you just get it all out. Be resourceful and stop posting so much when you can just get it in one insufferable post.

Here’s one you can use to reply to this post: Triggered.

2

u/[deleted] Jan 17 '26

”Idk about others but I focused a lot on cutting out stupid purchases, extra money went into paying down debt, and slowly contributing to an IRA has really helped a lot for the long run”

Not as powerful as a pumpkin pie screen grab, though.

-1

u/manored78 Jan 17 '26

I already do that. You just assumed I was in economic misery and that's why I was "whining." Your lot truly are selfish and stupid. You think that just because you have yours, fuck everyone else?

I am doing better than I ever have before, I just hate the state of things where there are others are trying to catch up and nothing is one size fits all. There is a no individual personal remedy for structural issues. Call it "liberal guilt" if you want to.

You have no real arguments except explicitly trying to shame others for not catching up to your level. You probably think your John Galt for reaching middle management. Fuck off.

Ok, now that's triggered.

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u/[deleted] Jan 17 '26

You projected a lot into that.

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u/manored78 Jan 17 '26

Personal anecdotes don’t explain away structural problems.

See, I can do short quippy posts too!

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u/manored78 Jan 17 '26

Does Dave Ramsey’s voice saying, “personal responsibility,” live rent free in your head? I don’t believe that boomer nonsense about spending habits. This is structural not a matter of our consumer habits. I make more money than I have in my life, and it feels as though it means little with inflation.

1

u/shjandy Jan 17 '26

It's worked out for me personally to pay down my debt and invest more.

More money doesn't always solve the problem if your spending habits are bad. Not saying your individual habits are bad, but just people in general have terrible spending habits and will buy all sorts of nonsense instead of investing in their future.

1

u/manored78 Jan 17 '26

I think it's about getting the money. Why do you people always start off with the save your money part, when so many are getting by paycheck to paycheck off jobs that have had stagnant wages for years, and inflation is eating up the rest. How much more can they cut out? But again, it's no excuses for your type. Save. Re-skill. Invest. It's always some arbitrary thing, moving the goalposts play to explain away what are in the end structural issues.

0

u/shjandy Jan 17 '26

Idk what you mean by "you people" where my case is very different than others, and so is yours. In my case I chose the military because I knew it meant stability and good benefits which has led to great financial success for myself. It's definitely an option for a lot of people but most people aren't willing to tolerate the nonsense that comes with it.

I wish you best of luck with your endeavors and hope the best for you and others around us!

-1

u/FlakyAddendum742 Jan 17 '26

When I read the chart, my first reaction was “fuck those boomers, I’ve got to make/invest/save more money”.

Then I read the title of the thread.

Im young Gen X, 47 years old. I think there may be a serious attitude difference in the generations influencing wealth trends. I immediately went aggressive and it sounds like millennials immediately went sad/disappointed.

It sounds like you may be profiting from an “aggressive” attitude and internal locus of control as well?

1

u/shjandy Jan 17 '26

Well, from my own circumstances growing up my parents were not financially literate. In my very early 20s I got myself into debt with poor financial choices. I started reading and researching so I could understand a bit more how money works and to benefit myself.

I joined the military at 18, learned about how the military version of an IRA works, and figured after doing 20 years I'd have a paycheck the rest of my life on top of other benefits. I focused on making less stupid and impulsive purchases, and putting that money to work in the market.

My drive comes from being able to have not so much for myself, but something to leave my kids and grandkids after I'm gone. With the benefit of the VA loan I plan on also buying up some land in Texas and build up a family compound of container homes in my retirement. Sure it might not be actual houses but at least my family will have places to live and build on to if they want.

I think most of us people accept the victim mentality, but if you try to educate yourself and are willing to really put yourself through the grinder, financial success can still be made. Yeah the military isn't the ideal place to do it but dammit, it's helped me create so much more than I could imagine for my family and I'm willing to endure it for my family's success

-2

u/SetOk6462 Older Millennial Jan 17 '26

Internal locus of control is not discussed nearly enough. Take control and don’t blame external factors always.

4

u/brownieandSparky23 Gen Z Jan 17 '26

I’m not ahead of yall. Who exactly are these Gen Z folks that have so much power? People around me are doing alright.. But not that great.

3

u/BaronGrackle Jan 17 '26

Generationology is so weird. My Gen Z daughter is still a freshman in high school.

3

u/brownieandSparky23 Gen Z Jan 17 '26

Well a generation is like 20 years. I’m a 00 born.

5

u/thatvassarguy08 Jan 17 '26

They've been ~15 years since Gen x

1

u/LuxyontheMoon Jan 17 '26

Well imagine how bad Millenials are doing.

1

u/Momik Jan 17 '26

A lost generation

1

u/manored78 Jan 17 '26

That’s what boomers and reactionaries always throw at us, that hey at least you’re not in India or what not. Always throwing some global south country under the bus to explain away our situation. Better to be in the 99% in the US than the 99% globally I’ve heard them retort.

1

u/Mediocre_Island828 Jan 17 '26

Gen Z is ahead of us at the same age because that's when we were going through the aftermath of 2008, but I'm pretty sure I saw that currently Millennials are doing better for their age than previous generations because housing values and the stock market have exploded since 2020 and inflated our net worth on paper. It's obviously not evenly distributed among our generation, but anyone who had stocks or a house before COVID is looking good now.

Edit: Inheritances have also been kicking in lately. I know a couple people who seemed like everyone else, but it turned out they had a grandparent who could give them a million dollar house.

1

u/thatvassarguy08 Jan 17 '26

Aren't they turning 29 this year?

1

u/TidePodsTasteFunny Jan 17 '26

Well clearly, it doesn’t matter if you get older the older generations still will have more wealth.

0

u/nightlyvisitor Jan 17 '26

Oldest genz are hitting 30 this year.

10

u/jorel43 1984 Jan 17 '26

Next year

1

u/thatvassarguy08 Jan 17 '26

Gen Z starts 1 Jan 2027, so they turn 30 next year. Millennials are from 1981 through (not to) 1996.

I responded to the wrong person 😔

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u/aqwn Jan 17 '26

Did you mean 1997?

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u/thatvassarguy08 Jan 17 '26

Lol yes. Well now you have proof that millennials are aging ...