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Millennials on course to become ‘richest generation in history’ (www.theguardian.com)

submitted 1 year ago* (last edited 1 year ago) by JoMiran@lemmy.ml to c/news@lemmy.ml

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SPOILER: Article assumes that Boomers will die and leave their wealth to Millenials.

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[–] Rodeo@lemmy.ca 36 points 1 year ago (1 children)

This just means the very few people who are filthy rich will be even filthier in the next generation.

This is not a statement about average wealth, it's about the total punt of wealth held by millennials, and conveniently ignores that all of that wealth will be held by just a few individuals while the rest of generation languishes.

But halfwits will read this and think "See, everything is fine! We're going to be rich!"

[–] SzethFriendOfNimi@lemmy.world 2 points 1 year ago

So something like “Richest individuals to be in the Millennial generation with current trends”

Which, if you think about it, makes sense. As billionaires/millionares age/die and pass down assets and wealth the trend will shift to the next generations, etc.