Liberal Forum

Huey » 10 Feb 2024, 1:05 pm » wrote: ↑

10 Feb 2024, 1:05 pm

And for the rest of the story.  It wasn't because of Biden:

(Bloomberg) -- Young Americans far outpaced older generations in wealth growth since the pandemic, thanks in part to the boom in stocks, according to Federal Reserve Bank of New York research.

For adults under 40, aggregated wealth jumped by 80% since 2019, compared with 10% for those who are 40 to 54 and 30% for those over 55, New York Fed economists wrote in a blogpost. 

 The youngest generations, by far the poorest, received much of the Covid-era fiscal stimulus, giving them extra savings to invest in equities, the researchers found.

 Stocks boomed during the period — but they also are risky assets that could quickly reverse wealth growth if markets tank.  Overall, the collective wealth of young adults remains a fraction of what older people are able to accumulate over the decades. As of 2019, individuals under 40 held just 5.7% of total US wealth while comprising of 37% of the population, the New York Fed economists wrote.

 That also helps explain the outsize wealth growth in percentage terms, compared with older generations. 

 “The under-40 group experienced a much greater increase in equity portfolio share than the older groups did,” the New York Fed economists wrote. “This increased exposure to equities — the fastest-growing financial asset class during the period — enabled younger adults to record higher growth in both financial assets and overall wealth.”

https://www.wealthmanagement.com/equiti ... re-s-catch

BV, you are either a liar or you did not read the entire story, which still makes you a liar, but due to ignorance.

R.Suave » 10 Feb 2024, 5:21 pm » wrote: ↑

10 Feb 2024, 5:21 pm

Huey » 11 Feb 2024, 9:54 am » wrote: ↑

11 Feb 2024, 9:54 am

Now you are claiming your own article is wrong.  Damn, that's **** up.

R.Suave » 11 Feb 2024, 9:56 am » wrote: ↑

11 Feb 2024, 9:56 am

No...you can't read.

It is to demonstrate that your spin on it is wrong...

It isn't the initial investment, its the appreciation.

Huey » 11 Feb 2024, 9:58 am » wrote: ↑

11 Feb 2024, 9:58 am

I didn't spin anything.   basically highlighted portions of your own article.  Go argue with them.  And no ****  the appreciation.  You ain't the smartest guy in the room.  There would be no appreciation if there wasn't an initial investment, idiot.

You may go now.

R.Suave » 11 Feb 2024, 10:06 am » wrote: ↑

11 Feb 2024, 10:06 am

No....the appreciation is independent of the disbursement.

The point of the article is to highlight the effect of the appreciation on various demographic segments.

Huey » 11 Feb 2024, 10:12 am » wrote: ↑

11 Feb 2024, 10:12 am

Then there was no need to go into where the initial investment came from.  Based on YOUR article in full, not your cherry picked snippet, I reject your spin and **** and stand by my words.  There wealth did not increase because of work income.  Their increase was due to the stimulus checks.  And Biden had nothing to do with it.

Have a nice day.

Huey » 10 Feb 2024, 1:05 pm » wrote: ↑

10 Feb 2024, 1:05 pm

R.Suave » 10 Feb 2024, 7:54 am » wrote: ↑

10 Feb 2024, 7:54 am

Young Americans’ Wealth Grew 80% Since 2019, But There’s a Catch

https://www.bloomberg.com/news/articles ... nd=premium
For adults under 40, aggregated wealth jumped by 80% since 2019, compared with 10% for those who are 40 to 54 and 30% for those over 55, New York Fed economists wrote in a blogpost. 

Has Brandon made America too great?

And for the rest of the story.  It wasn't because of Biden:

(Bloomberg) -- Young Americans far outpaced older generations in wealth growth since the pandemic, thanks in part to the boom in stocks, according to Federal Reserve Bank of New York research.

For adults under 40, aggregated wealth jumped by 80% since 2019, compared with 10% for those who are 40 to 54 and 30% for those over 55, New York Fed economists wrote in a blogpost. 

 The youngest generations, by far the poorest, received much of the Covid-era fiscal stimulus, giving them extra savings to invest in equities, the researchers found.

 Stocks boomed during the period — but they also are risky assets that could quickly reverse wealth growth if markets tank.  Overall, the collective wealth of young adults remains a fraction of what older people are able to accumulate over the decades. As of 2019, individuals under 40 held just 5.7% of total US wealth while comprising of 37% of the population, the New York Fed economists wrote.

 That also helps explain the outsize wealth growth in percentage terms, compared with older generations. 

 “The under-40 group experienced a much greater increase in equity portfolio share than the older groups did,” the New York Fed economists wrote. “This increased exposure to equities — the fastest-growing financial asset class during the period — enabled younger adults to record higher growth in both financial assets and overall wealth.”

https://www.wealthmanagement.com/equiti ... re-s-catch

BV, you are either a liar or you did not read the entire story, which still makes you a liar, but due to ignorance.

Huey » 11 Feb 2024, 10:21 am » wrote: ↑

11 Feb 2024, 10:21 am

@R. Suave  

 The youngest generations, by far the poorest, received much of the Covid-era fiscal stimulus, giving them extra savings to invest in equities, the researchers found.

and

 Overall, the collective wealth of young adults remains a fraction of what older people are able to accumulate over the decades. As of 2019, individuals under 40 held just 5.7% of total US wealth while comprising of 37% of the population, the New York Fed economists wrote.

R.Suave » 11 Feb 2024, 10:41 am » wrote: ↑

11 Feb 2024, 10:41 am

Make a case

Huey » 11 Feb 2024, 10:45 am » wrote: ↑

11 Feb 2024, 10:45 am

I did.  Using your source.  GO argue with them.  I am sure there is a comments section.

R. Suave » 11 Feb 2024, 10:55 am » wrote: ↑

11 Feb 2024, 10:55 am

What case?

Citations are evidence supporting a case.

What case are you making?
 

R.Suave » 11 Feb 2024, 10:55 am » wrote: ↑

11 Feb 2024, 10:55 am

What case?

Citations are evidence supporting a case.

What case are you making?

Huey » 11 Feb 2024, 11:06 am » wrote: ↑

11 Feb 2024, 11:06 am

Not playing your game today.  SO farm, you have argued I am wrong, and your source is wrong.

R.Suave » 11 Feb 2024, 11:29 am » wrote: ↑

11 Feb 2024, 11:29 am

My "game"?

I have argued that you have no idea what the citation is saying.....

Because you are a moron.

It is not at all unlike your LFPR catastrophe....

Huey-115 minutes ago