Boomers in their twenties were mostly working. Gen Z in their twenties is finishing college, working towards a master's or even a PhD. EDIT: No value judgments here. This is just a fact, people entered the active workforce earlier.
Gen Z have 86% less purchasing power compared to baby boomers in their twenties
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Re: Gen Z have 86% less purchasing power compared to baby boomers in their twenties
#12My older brothers who are boomers did have it easier (than me) and I had it easier than the younger groups.
Purchasing power and a general decline in society's support along multiple axes for what most would call a 'normal' life really does make me think that some form of strife or revolution is coming.
Re: Gen Z have 86% less purchasing power compared to baby boomers in their twenties
#13Re: Gen Z have 86% less purchasing power compared to baby boomers in their twenties
#14Re: Gen Z have 86% less purchasing power compared to baby boomers in their twenties
#15Better to look at rent, which isolates the utility part.
Re: Gen Z have 86% less purchasing power compared to baby boomers in their twenties
#16Re: Gen Z have 86% less purchasing power compared to baby boomers in their twenties
#17This is the stuff that can cause or facilitate revolutions.
Re: Gen Z have 86% less purchasing power compared to baby boomers in their twenties
#18Re: Gen Z have 86% less purchasing power compared to baby boomers in their twenties
#19Re: Gen Z have 86% less purchasing power compared to baby boomers in their twenties
#20It seems the annual income vs. CPI is the core chart here. Something happened in the decade of 2000-2010 to throw things out of whack. I'm not informed enough to know if that was the result of policy decisions or what, but I'd like to know how wage growth declined so dramatically during this time while prices seemed to maintain its projected linear growth.