Boomer Wealth Tangent

Discussion in 'The Red Room' started by Jenee, Aug 30, 2021.

  1. Diacanu

    Diacanu Comicmike. Writer

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    Well, you vote for the party that wants those days back, so...
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  2. tafkats

    tafkats That'll put marzipan in your pie plate, bingo! Moderator

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    If that's true, it's only because of laws that self-styled libertarians fought tooth-and-nail against.
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  3. Ten Lubak

    Ten Lubak Salty Dog

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    I would have thought people that live in the richest county in the country would actually be members of the private country club and not working for it :shrug:

    And you never will be with that attitude!
    Last edited: Sep 1, 2021
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  4. Federal Farmer

    Federal Farmer Anti-Federalist

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    :muad2:
  5. Jenee

    Jenee Ind. Jenee of Winterfell

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    No such thing. More right wing propaganda.

    Who is killing babies?
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  6. Fisherman's Worf

    Fisherman's Worf I am the Seaman, I am the Walrus, Qu-Qu-Qapla'!

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    So if we bring back the White Room, @Federal Farmer won't be able to post at school any longer?
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  7. Jenee

    Jenee Ind. Jenee of Winterfell

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    Presumably.
  8. Spaceturkey

    Spaceturkey official beverage of antifa

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    typo??

    [​IMG]
  9. Spaceturkey

    Spaceturkey official beverage of antifa

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    anyways... a while back I was in a discussion about rents vs min wage here in Onterrible... seemed that over the past 30 years the ratio had only increased about 1% using the median price of a 1br in Toronto (pronounced "Ch'rawna"). The price of a house however, has increased nearly sixfold against minimum wages.
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  10. We Are Borg

    We Are Borg Don't be a dick about the things you don't like

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    :nono:

    The correct pronunciation is "T'rawna". :async:
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  11. Spaceturkey

    Spaceturkey official beverage of antifa

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    I speak pre amalgamation dialect
  12. Order2Chaos

    Order2Chaos Ultimate... Immortal Administrator

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    This (re: OP) is also a fair question. Indeed, wealth has increased nearly 6-fold since 1990. Millennials have about as much wealth in absolute (inflation unadjusted) terms as boomers did in 1990. Granted everything costs 2.4x as much as much, houses —the great boomer wealth building engine— in particular are 70% more expensive in real terms (3.4x nominal), and millennials are saddled with more debt than existed in 1990 thanks largely to a propaganda campaign by their parents’ generation to go to college without their parents having paid for it (contra the boomers’ parents, who almost completely funded public colleges, and built many new ones to actually handle the booming population), and real wages only got much above 1990 levels in 2015, but sure, the whole story is a lazy victim entitlement mentality.

    Millennials have worked their asses off to get where they are, far harder than boomers ever had to.


    Sources: https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/#range:1989.3,2021.1;quarter:126;series:Net worth;demographic:generation;population:1,3,5,7;units:levels
    https://www.in2013dollars.com/us/inflation/1990?amount=1
    https://www.statista.com/statistics/200838/median-household-income-in-the-united-states/
    https://dqydj.com/historical-home-prices/
    Last edited: Sep 3, 2021
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  13. Tererun

    Tererun Troll princess and Magical Girl

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    Could you explain richest county in the country because I am not really sure what the criteria you are using are. I get that around DC there are probably some counties where there is a shitload of value or money, but richer than LA or manhattan? Even rich people wise I really could not imagine it being richer than some california, Long Island, westchester or CT counties I know.

    Just because you make good money does not mean you have the sort of value other people may have. My grandparents were not super high paid people in NY, but they ended up with huge value because they lived and owned land in good areas of westchester before it was westchester. You go a few miles down the road and people who were making much more money than they did ended up much poorer because they didn't own the right land.

    I could make a great living on shit money in the middle of nowhere AL. I could own land and a home, but in the end I am not increasing wealth quickly because my home and land are not increasing in any value. Even near DC where I assume there are some up and coming neighborhoods, you better beware of any land investment because if you go into the wrong neighborhoods you are pissing your money away while people a few miles away are making a killing. My parents profited 400k of profit in about 7 years buying the shitty house on the right road in NY. The rest of the roads in that town did not see that much value increase on the bubble.

    There is a lot more to this than your paycheck.
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  14. Jenee

    Jenee Ind. Jenee of Winterfell

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    A quick google search says Loudoun County, VA is the wealthiest county in the US.