Reply to Honestly the complete disregard for GenX financial strain is getting old

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Reply to "Honestly the complete disregard for GenX financial strain is getting old"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It looks inflation adjust however it is the average.  Median would be far more useful for comparison.[/quote]

Honestly Musk and Bezos alone could throw off average[/quote]

Honestly, reading these stats about the tale of two cities generation, it’s worse than I imagined.

[i]Gen X is the generation of the Dot-com boom and the AI revolution. Because they founded the companies that now dominate the S&P 500, a staggering amount of the world's billionaire wealth is concentrated in this specific 15-year age bracket.

GenX Average: 1.1M
GenX Median: $250k

When an article shows a chart saying Gen X is "richer than Boomers," they are almost always using the Average. The top 0.1% of Gen X is so phenomenally wealthy that they drag the "Average" up, making the entire generation look like they are winning, while the Median Gen X-er is actually lagging behind where Boomers were at the same age.

In reality, Gen X is the most economically polarized generation. It contains both the most successful entrepreneurs in human history and a "squeezed" middle class that has significantly less financial security than their parents did at age 50.[/i][/quote]

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