Drudge Retort: The Other Side of the News

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Snoofy

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"One big reason why millennials are gaining wealth at a faster rate than older Americans in the 2020s is that they had much less money at the decade's start."

I mean, just LOL.

These propaganda experts want you to believe it's Republican tax cuts for the rich that explain Millenial "success." Instead of it being a completely expected downstream consequence of the Great Recession:

www.usatoday.com

Millennials are building wealth faster than older generations. What's their secret?

Coming out of the Great Recession, the "Beatlemania" boomers, born in the early 1960s, had less wealth than older generations. To this day, that cohort lags in retirement wealth, research shows.

The same economic malaise afflicts much of Generation X. Americans ages 45 to 54 have less wealth than older generations held at the same age, according to the 2022 federal Survey of Consumer Finances.

Because millennials were younger in the Great Recession years, the damage to their lifetime earnings was comparatively small.

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