Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by snakeboy on Thursday January 28, 2021 @07:12PM (#25951525)

> Saying that there's wealth deficit for millennials/genx because boomers have accumulated more wealth later in life is a little handy-wavy.

That's not what the chart I linked is claiming. The Boomer line goes back to when they were 35. Not sure what the data limitations were preventing it from going back further. Meanwhile all age data is shown for Gen X.

I'm not sure what you mean about the future chart? I guess we'll have to wait and see :-)

But anyway, this chart appears to answer the question: "which generation had more relative wealth in its early 30s?"

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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by omgwtfbyobbq on Friday January 29, 2021 @03:29PM (#25962011)

One possible problem is that generational earnings are a function of economic conditions. These may average out over a lifetime, but if we look at restricted intervals, it may seem like newer generations have less wealth even if they end up having similar overall wealth over their lifetime.

Leaving out boomer data from ~18-35 makes me a little more suspicious of cherry picking because that data could be similar. It may also show boomers gaining even more wealth, but if it's not available we can't know.

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