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Gen X Poverty thread
| cowgod | 05/16/26 |
| cowgod | 05/17/26 |
| cowgod | 05/17/26 |
| animeboi | 05/17/26 |
| oomox | 05/17/26 |
| cowgod | 05/17/26 |
| oomox | 05/17/26 |
| cowgod | 05/17/26 |
| OYT and the Indie Reprieve | 05/17/26 |
| cowgod | 05/17/26 |
Poast new message in this thread
Date: May 16th, 2026 10:43 PM Author: cowgod Using Federal Reserve Survey of Consumer Finances data adjusted for inflation, median net worth for people aged 35–44 was: Boomers (1995): about $101k Gen X (2013): about $60k Early Millennials (2022): about $135k That means Gen X households in their late 30s/early 40s were roughly 41% poorer than Boomers at the same age. And the really dark part is that early Millennials, buoyed by post-COVID asset inflation and housing appreciation, actually surpassed Gen X’s equivalent-age wealth numbers in the Fed data. https://www.financialaha.com/data-analysis/us-net-worth-by-generation/ |
Date: May 17th, 2026 11:19 AM Author: cowgod Gen X borrowers now carry the highest average student debt balance of any age group at roughly $48k average per borrower https://www.investopedia.com/student-loan-debt-for-borrowers-ages-50-to-61-reveals-unique-financial-strains-for-gen-x-11965495 (http://www.autoadmit.com/thread.php?thread_id=5866976&forum_id=2/#49887427) |
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Date: May 17th, 2026 2:25 PM Author: cowgod (http://www.autoadmit.com/thread.php?thread_id=5866976&forum_id=2/#49887709) |
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Date: May 17th, 2026 3:16 PM Author: animeboi (.) I'm genX and have $1.5M liquid. jellus? (http://www.autoadmit.com/thread.php?thread_id=5866976&forum_id=2/#49887793) |
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Date: May 17th, 2026 3:24 PM Author: oomox Wow what did they do to get these numbers? They're counting people's cars and homes I assume? We all know the median Gen Xer or Millennial doesn't have cash savings lol. (http://www.autoadmit.com/thread.php?thread_id=5866976&forum_id=2/#49887809) |
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Date: May 17th, 2026 3:25 PM Author: cowgod Net worth just means assets - liabilities with no regard for what's liquid.
The Gen X student loan balance thing is appalling btw. What a Ruinous gen. |
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Date: May 17th, 2026 3:26 PM Author: oomox Yeah Gen X is suffering most from the Boomers' greed. (http://www.autoadmit.com/thread.php?thread_id=5866976&forum_id=2/#49887817) |
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Date: May 17th, 2026 3:33 PM Author: cowgod https://www.wsj.com/personal-finance/student-loan-debt-gen-x-619cffda (http://www.autoadmit.com/thread.php?thread_id=5866976&forum_id=2/#49887828) |
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Date: May 17th, 2026 3:55 PM Author: cowgod No one can explain why it's so High. sure they had higher interest rates and private loans but that's more of a law school thing iirc.
As a testament to my Success irl, I often point out that my student loan balance is paid in full. |