653
54% of young Americans say food costs are the biggest strain on their finances (www.cnbc.com)
submitted 2 years ago by to c/news@lemmy.world
170 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[+] -25 points 2 years ago* (2 children)

https://www.economist.com/finance-and-economics/2024/04/16/generation-z-is-unprecedentedly-rich

Y'all are buying homes just fine compared to the last few generations.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 4 child comments
    •
  • [–] 9 points 2 years ago* (2 children)

    Y’all

    Rich = Full Time Employed?

    You seem to mistake having a salary for having money.

    America now has more than 6,000 Zoomer chief executives and 1,000 Zoomer politicians.

    Also, what if you're not a CEO or a politician? Also, plus, too, how on earth is "small town city councilman" or "part-time New Hampshire legislator" a sign of wealth?

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 4 child comments
    •
  • [–] 4 points 2 years ago* (1 child)

    I don't get the point you're trying to make with your graph. Obviously there wouldn't be many Zoomers working full time; most are still in school.

    Zoomers born after 2006 haven't graduated high-school, and those born between 2002-2006 are in college. That's leaves only a 5 year window of people you'd expect to be employed full time.

    The line for millenials looks about the same as Zoomers.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 1 point 2 years ago* (1 child)

    The line for millenials looks about the same as Zoomers.

    shrug

    Take that up with the Economist, its their claim and their chart.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 1 point 2 years ago (1 child)

    I'm trying to understand your argument against the article and what point you're trying to make by using their chart.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 0 points 2 years ago (1 child)

    The data in the article doesn't support the headline.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 1 point 2 years ago

    I can't read the entire article since it's behind a pay wall for me, but graph alone doesn't support or contradict the headline. It simply shows the full time employment of Zoomers is comparable millenials at when they were the same age. It doesn't show anything about income.

  • permalink
  • fedilink
  • source
  • parent
  • [–] -1 points 2 years ago (1 child)

    That was one single indicator. I agree it's not the best, to your point, unemployment, homeownership, and salary averages are the ones that show middle class wealth.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 3 points 2 years ago

    The article doesn't say that. It says that most arent spending above 43% on housing. It doesn't dig into that, likely on purpose.

    https://archive (dot) is/2024.05.08-164727/https://www.economist.com/finance-and-economics/2024/04/16/generation-z-is-unprecedentedly-rich

  • permalink
  • fedilink
  • source
  • parent