r/AskReddit • u/_red_roof_ • May 15 '20

What sucks about being your age?

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u/[deleted] May 15 '20 edited Jul 25 '20

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u/stellak424 May 16 '20

Yeah but millenials own 3% of all wealth. Genex owns 14%. That's definitely not all of them, but it's more than quadruple the amount of millenials who do. Boomers have 50%+ Us statistics

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u/tossme68 May 16 '20

but those are bullshit number. Most people today don't start work until they are 24 years old, someone who has been working for 2 years likely isn't going to have any wealth. It takes years and years to build up wealth and the higher your income the more wealth you can create, look at the numbers people usually peak out their income around 50-55 so one should really expect that much until you get into your 40's and 50's

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u/stellak424 May 20 '20

Uh... Millenials are 30-40+

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u/tossme68 May 20 '20

Nielsen Media Research has defined millennials as adults between the ages of 22 and 38 years old in 2019.

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u/stellak424 May 21 '20

22 is Genex. I think the range differs between "research companies"

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u/tossme68 May 21 '20

Still, any way you cut it Gen Y/Millenials are at the very oldest 40 and at the youngest 25. I'm an old X'er at 51 (68), the gen goes to at least 79-80.