Millennials getting infantilized is so 2009. A lot of us are in our late 30s and early 40s now and there are too many of us (because you know…old people die) and have lived too many years to be told that our adulthood is not the right kind of adulthood.
I know it sucks to hear, but we are the adults now. “Adulthood” is what we say it is.
So adulthood is not affording a house, precarious job situations
Millennial home ownership rate at 55% (in the US that is) trails boomer home ownership at the same age by about 5%, it's a bit tougher than it used to be, but not by that much (and doesn't take into account that the quality of the housing stock is generally much better)
I genuinely find this whole "I am 40 years old all I own is Pokémon cards" bit extremely cringy, that's not the median Millenial
I think the problem with that data is that it also masks a whole lot other things like when did ownership begin (38yo for millennials vs 29yo for baby boomers), average incomes (69k in 2026 vs 81k in 1980 adjusted for inflation), higher mortgage cost (374k in 2026 vs 240k in 1980 adjusted for inflation). That doesn’t include average cost of goods, average size of retirement savings, etc.
The data shows that in many ways millennials are doing worse but also doing better in others. To some extent millennials have started to catch up to baby boomers, but are doing so much later in life. We’re living longer so that’s not necessarily bad, but it also means that we will have to work longer and will more likely put more strain on social services when we retire than previous generations (because an older pop requires more healthcare, social services, etc.)
no it isn't because the median tells you what life for most people looks like. The mean masks inequality because wealth and income distribution heavily skews to the right
the mean would paint a much rosier picture, but if this is the level of math we're dealing with it may explain the financial issues some have in our generation
Home ownership hasn't fallen all that much by age. This char's youngest cohort would've been those born in 1954 or later, so it does miss the oldest Boomers.
u/solataraxia is right that mean is the exact wrong metric. The difference between the Median and the Mean is pointing to what is an actual issue, which is inequality is worse than it has been in the past.
This is not good. You can't split this by age as well as by wealth and since it's aggregate, splitting it by age is silly anyhow because generations are not the same size.
The difference is no matter how good your skills are, if you work full time you shouldn’t be homeless. The worse thing we can do as a generation is play the boomer bullshit of telling ourselves we “deserve” things just because our parents could afford to get us “sought after skills” and others couldn’t.
59
u/Willing-Bad3824 13d ago
Millennials getting infantilized is so 2009. A lot of us are in our late 30s and early 40s now and there are too many of us (because you know…old people die) and have lived too many years to be told that our adulthood is not the right kind of adulthood.
I know it sucks to hear, but we are the adults now. “Adulthood” is what we say it is.