An financial comparability of the place boomers had been on the similar age as millennials results in just one conclusion: Millennials are screwed.
The large narrative in monetary media for the previous couple of weeks has been the rebel Robinhood rally, led by the AC/DC-blaring Pied Piper Dave Portnoy, proprietor of Davey Day Dealer World World (DDTG World).
As folks attempt to make sense of the unusual retail buying and selling phenomenon, one perspective is the contributors (common age of 31 on Robinhood) are reacting to a market that has left them behind. On this view, they’re assaulting the market with in any other case outrageous and ludicrous methods as a result of, in any other case, how will they get their piece?
This week’s Breakdown Weekly Recap seems to be at this within the context of some stunning (and admittedly miserable) stats concerning the millennial era’s present wealth, as in comparison with the place boomers had been on the similar time of their careers.
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