Young Americans' Wealth Has Soared Since The Pandemic

[Muhammed]

Turns out when the economy collapses and millions of disproportionately lower wage workers are laid off, the average wage of those fortunate enough to still have a job is higher than the average when there wasn't mass unemployment. Sort of like when Trump tried to deregulate infection controls in nursing homes shortly before the pandemic hit--smart strategy to keep Medicare spending down since no old people, no problem. Great economic leadership!

You have absolutely no fucking clue, you low IQ TDS afflicted moron.

 

[Failzero]

You have absolutely no fucking clue, you low IQ TDS afflicted moron.

ZDS Zionis Derangement Syndrome

 

[noonereal]

But they can't pay off their student loans. So Biden decrees they don't have to, on the backs of everyone else.

I thought you got a tax break? Was the tax code magically change?

 

[Failzero]

They jus need to decide which hybrid to purchase

 

[struth]

Turns out when the economy collapses and millions of disproportionately lower wage workers are laid off, the average wage of those fortunate enough to still have a job is higher than the average when there wasn't mass unemployment. Sort of like when Trump tried to deregulate infection controls in nursing homes shortly before the pandemic hit--smart strategy to keep Medicare spending down since no old people, no problem. Great economic leadership!

How does a president regulate infections???

 

[Greenbeard]

How does a president regulate infections???

Amid outbreak, Trump admin's proposed rollback of nursing home regulations faces criticism

“These are frail, medically compromised people,” said an attorney at the nonprofit Center for Medicare Advocacy, who opposes the change.

www.nbcnews.com

You have absolutely no fucking clue, you low IQ TDS afflicted moron.

Thought-provoking stuff.

 

[HikerGuy83]

Due to a historic economic recovery, inflation-adjusted wealth for younger Americans has grown 49 percent since right before the pandemic—a positive trend following decades of stagnation.
[snip]

Recent Federal Reserve data show that the average wealth of households under 40 was $259,000 in the fourth quarter (Q4) of 2023, marking a 49 percent increase since the fourth quarter of 2019, even after adjusting for inflation. Importantly, these data likely reflect broad-based wealth growth among young people, as opposed to a small group of wealthy young people driving these gains.

Wealth of Younger Americans Is Historically High

Due to a historic economic recovery, inflation-adjusted wealth for younger Americans has grown 49 percent since right before the pandemic—a positive trend following decades of stagnation.

www.americanprogress.org

What is that

You won't be hearing about this on Fox News or any other MAGA media.

Young Americans' wealth has soared since the pandemic

Household wealth for those under 40 in the U.S. is up 49% from its pre-pandemic level, according to a new analysis from the left-leaning Center for American Progress.

Why it matters: Young households haven't seen wealth growth like this since the Federal Reserve first started tracking this data in 1989.

Stunning stat: Millennials — born between 1981 and 1996 — saw their wealth double over this period, per CAP.

Zoom in: Wealth includes the value of a household's assets, including stocks, bank accounts, and real estate, minus its liabilities, such as mortgages and student loan debt.

The wealth includes real estate which has gone out of control.

You take that out of the picture and this means very very little.

So, do not pass go, do not collect anything but your stupid pills.

 

[Failzero]

Zionist Derangement Syndrome

 

[Harpy Eagle]

What is that


The wealth includes real estate which has gone out of control.

You take that out of the picture and this means very very little.

So, do not pass go, do not collect anything but your stupid pills.

Since when did real estate not count as wealth?

 

[Deplorable Yankee]

You won't be hearing about this on Fox News or any other MAGA media.

Young Americans' wealth has soared since the pandemic

Household wealth for those under 40 in the U.S. is up 49% from its pre-pandemic level, according to a new analysis from the left-leaning Center for American Progress.

Why it matters: Young households haven't seen wealth growth like this since the Federal Reserve first started tracking this data in 1989.

Stunning stat: Millennials — born between 1981 and 1996 — saw their wealth double over this period, per CAP.

Zoom in: Wealth includes the value of a household's assets, including stocks, bank accounts, and real estate, minus its liabilities, such as mortgages and student loan debt.

Meanwhile fast food giant McDonald's is crying they're losing their poorest customers ....they're simply not spending money

 

[Failzero]

Since when did real estate not count as wealth?

Since 2500BCE

 

[Harpy Eagle]

Since 2500BCE

Well shit, this means that Trump is worth about 12 bucks since his entire fortune is real estate

 

[bdtex]

You won't be hearing about this on Fox News or any other MAGA media.

Young Americans' wealth has soared since the pandemic

Household wealth for those under 40 in the U.S. is up 49% from its pre-pandemic level, according to a new analysis from the left-leaning Center for American Progress.

Why it matters: Young households haven't seen wealth growth like this since the Federal Reserve first started tracking this data in 1989.

Stunning stat: Millennials — born between 1981 and 1996 — saw their wealth double over this period, per CAP.

Zoom in: Wealth includes the value of a household's assets, including stocks, bank accounts, and real estate, minus its liabilities, such as mortgages and student loan debt.

I hope that's true. Some young Americans got hammered by the Bush recession and Covid pandemic at the start of their earnings years.