Millennials Are Poorer Than Their Parents, Investigation Finds

Re:Millennials Are Poorer Than Their Parents, Investigation ... by nkoren on Tuesday March 08, 2016 @12:37PM (#11246872)

Millennials are indeed richer than their grandparents, which is the comparison you're making here. But not their parents.

But GDP per capita is not a good statistic to be making this argument with, mostly because it is a mean rather than a median. Since 1971, much of those gains have gone to the the top 1%, and essentially all of those gains have gone to the top 20%.

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Re:Millennials Are Poorer Than Their Parents, Investigation ... by RobertoG on Tuesday March 08, 2016 @01:27PM (#11247293)

"But GDP per capita is not a good statistic to be making this argument with, mostly because it is a mean rather than a median. Since 1971, much of those gains have gone to the the top 1%, and essentially all of those gains have gone to the top 20%."

That was also my point and GDP is the perfect statistic in my opinion.

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