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  2. In the third quarter of 2023, baby boomers held over half (51.3%) of the wealth in the US, while millennials owned just 9.3%. Despite similar population sizes, there's a stark contrast in wealth distribution between the two generations.Source: The Federal Reserve Tools used: Mokkup
  3. Moving to 2023 the bottom 0-40% have 11.04T total. If we adjust for population in 1990 that's 22,300 per person. If we adjust for population in 2023 that's 82,400 per person. Adjusted for inflation, the household wealth for those in 1990 would be 52,300 per person in 2023.
  4. In 1990 Boomers were 26 years and older. At that moment, they had about 20% of the nation's wealth. Gen X at that same point, when they all had passed the 26 year mark in 2006, had about 7-8%. Millennials at that same point, when they had all passed the 26 year mark in 2022, had about 9%.
  5. In the third quarter of 2023, baby boomers held over half (51.3%) of the wealth in the US, while millennials owned just 9.3%. Despite nearly equal population distribution between millennials and baby boomers, there exists a significant gap in their respective shares of wealth ownership. Tool used: Mokkup Source: Federal Reserve
  6. Consequently, this group's wealth grew from $4.5 trillion in 1990 to $76.2 trillion in 2023. Meanwhile, Gen X's share of American wealth rose from 15% in 2013 to 26% in 2023. In contrast, with most of the cohort over 80 years old, the Silent Generation saw its share of the national wealth total drop from 79% in 1990 to 13% in 2024.
  7. Top 20% includes a fuckload of people. One in 5. You have to do top 1-.1% to single out those types of people. Even then this isn't really pertinent to the distribution of wealth. If anything the dying off will create a more equal distribution by splitting wealth up between multiple children which was once concentrated in the hands of one person.
  8. Food distribution is also good. Such as Food Not Bombs, community gardens, community meal programs, even food banks. The less people need to rely on their jobs to sustain life, the more you can decouple people from shitty jobs. ... Fox News says that poor people are to blame for the wage gap. ... That took me 10 seconds to Google.
  9. Total wealth increased by 7x since 1990, but inflation was only 2.33x from Jan 1990 to Dec 2022. So under 40s share shrank by 48% but the total pie increased by triple. So in actual cost of living adjusted purchasing power of wealth held by millennials on a per capita basis, they have between 45 and 55% more wealth than boomers did at the same ...
  10. Prior to that change, 'America' had inequality but it was a more acceptable inequality than what we have now. ... retirees, children, and other non-workers are the majority. There are about 159,713k US workers as for February 2023 out of 332m people. ... This is currently the most liberal distribution of wealth through all of human history. ...

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