Young Americans' Wealth Has Soared Since The Pandemic

g5000

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Nov 26, 2011
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You won't be hearing about this on Fox News or any other MAGA media.

Young Americans' wealth has soared since the pandemic

Young-Americans-wealth-has-soared-since-the-pandemic.jpg



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.

:woohoo:
 
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.


 
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.


Great so they can add for to pay off their student loans
 
You won't be hearing about this on Fox News or any other MAGA media.

Young Americans' wealth has soared since the pandemic

Young-Americans-wealth-has-soared-since-the-pandemic.jpg



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.

:woohoo:
WOW!

According to that chart their wealth skyrocketed by ~$140,000 under Trump's great leadership.

And they are kinda fucked under Biden.
 
Last edited:
Average household wealth for all groups: $1,1 million.

Average household wealth for Gen Z: $259,000

What are liberals trying to say here?
 
You won't be hearing about this on Fox News or any other MAGA media.

Young Americans' wealth has soared since the pandemic

Young-Americans-wealth-has-soared-since-the-pandemic.jpg



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.

:woohoo:
Look out below, housing market is dead silent with more people falling behind
 
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.


Dude, American Progress is lying to you. Use your brain! THINK about who's providing you your information!
 
Thank you President Biden!
Why?

Apparently, like the OP, you are too fucking stupid to comprehend the graph.

What that graph shows is that under Trump's economic leadership, the economy was doing great. Then it started tanking under Biden.
 
Why?

Apparently, like the OP, you are too fucking stupid to comprehend the graph.

What that graph shows is that under Trump's economic leadership, the economy was doing great. Then it started tanking under Biden.
They can’t actually think
 
What that graph shows is that under Trump's economic leadership, the economy was doing great. Then it started tanking under Biden.

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!
 

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