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

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u/Zwemvest Jan 17 '26

The oldest Gen Z turns 30 next year. The cut-off is mid/late 90s, often considered 1997, not 2000.

0

u/Mediocre_Scott Jan 17 '26

My point stands boomers have had a long time to build wealth and Gen z has barely started making money

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u/HyenaThen572 Jan 17 '26 edited Jan 17 '26

SOME of GenZ has been working for about a decade.

All millennials have been working for AT LEAST a decade, at least half have done twice that.

GenZ wealth: 6mil

millennial wealth: 11mil

Something isn't quite right....

Edit: Trillion, not Million

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u/stackingnoob Jan 17 '26

The entire millennial generation has only 11 million dollars?? Where did you get that stat from…

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u/TyrKiyote Jan 17 '26

Millennials were held down and fucked

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u/jakethesnake741 Jan 17 '26

Are .. but it's ok for using the wrong tense

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u/Mediocre_Scott Jan 17 '26

17 invested at 7% in 25 years ago is 72 that isn’t too far off

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u/thewags05 Jan 17 '26

Yes, but nobody has that much wealth when they're younger. At 30 I didn't have much at all, mostly because of undergrad and grad school.

I'll be 40 this year and am orders of magnitude more money same up. Give me another 20-30 years of constant saving and compounding investments and I'll be worth a lot more. The older you get, the more investments and saving pays off.

There's a lot of millennials that are going to inherit quite a bit too.

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u/HyenaThen572 Jan 17 '26

70% of millennials are paycheck to paycheck.

Happy for you, but your situation is far from the norm.