Boomers v Millennials: Listen to this before family Christmas
Some things are just meant to be in conflict. Tom and Jerry, Jim and Dwight, Millennials and Boomers.
For as long as Millennials have had bank accounts they’ve complained about the Baby Boomers generation. So when a certain stat did the rounds in the office it got us talking. And when we asked you what we should talk about - this was the clear winner.
So, here’s the stat out of the United States: In 1989, when boomers were the age of millennials today, they owned 21.3% of total US wealth. In 2021, millennials owned 4.6% of total US wealth.
Today Alec and Sascha unpack this stat and arm you with the statistics you need to bring to the generation war over the Christmas lunches. What explains the wealth disparity between Millennials today and Baby Boomers in 1989?
Tell us what you think of The Dive - email us at thedive@equitymates.com. Follow our Instagram here, or find out more here. Stay engaged with the Equity Mates community by joining our forum.
Looking for a gift for a loved one this christmas? Order ‘Get Started Investing’, written by Equity Mates Alec and Bryce. Available on Booktopia and Amazon now!
In the spirit of reconciliation, Equity Mates Media and the hosts of The Dive acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.
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This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives.
Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.
Equity Mates Media operates under Australian Financial Services Licence 540697.
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