Liberal Forum

R.Suave » 10 Feb 2024, 12:04 pm » wrote: ↑

10 Feb 2024, 12:04 pm

Yappin' the talk is easy....

Walkin'?

Let's just say you're more the sashayin' type.

weep...


 
 

RedheadedStranger » 10 Feb 2024, 8:42 am » wrote: ↑

10 Feb 2024, 8:42 am

It's been going on a lot longer than four years...

https://youtu.be/f1ab6uxg908?si=BavPR8doWwqP_dEV

Lol

Yeah BV used to come in here 50 times a day squealing "We got him now"....and then 30 minutes later he curses anyone who brings up what he said just 30 minutes ago

Jantje_Smit » 10 Feb 2024, 8:48 am » wrote: ↑

10 Feb 2024, 8:48 am

Four years, don't you mean 8.. or 9, damn, I want an updated version of this one..

 
 

I really like the meme...even got that nut job "educated idiot" Missouri college professor out front...that bitch is nuts

ROG62 » 10 Feb 2024, 11:09 am » wrote: ↑

10 Feb 2024, 11:09 am

FIFY...

That ya Sir....him...his....trying to cover all my based

If you were wondering what "the catch" is:

Despite that eye-popping growth, Americans younger than 40 still hold significantly less wealth than older Americans; by Q3 2023, they held $9.5 trillion, compared with $103.7 trillion for those 55 and older. But the increase in net worth since the pandemic, which outpaced that of older generations, helped slightly narrow that disparity. In 2019, those under 40—about 37% of the adult population—held 4.9% of total U.S. wealth. By 2023, that share crept up to 6.7%.

I suppose an 80% increase of a **** number is a less **** number!

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.
 

The reality paints a different picture than those deep throating Bidenomics:

Americans Are In More Debt Than Ever Before — And It May Get Even Worse
Will Kessler
Household debt reached a new high of $17.5 trillion in the fourth quarter of 2023, with credit card debt and mortgages contributing the most to the increase.
Americans have been turning to debt to fund expenses as rising prices and high interest rates take a toll on consumers.
“The actual prices of goods on store shelves, as opposed to the static, sterile price indices concocted in Washington, D.C., make the reasons for which Americans are getting progressively deeper in debt perfectly clear,” Peter Earle, economist at the American Institute for Economic Research, told the Daily Caller News Foundation.

Fuelman » 10 Feb 2024, 1:02 pm » wrote: ↑

10 Feb 2024, 1:02 pm

If you were wondering what "the catch" is:

Despite that eye-popping growth, Americans younger than 40 still hold significantly less wealth than older Americans; by Q3 2023, they held $9.5 trillion, compared with $103.7 trillion for those 55 and older. But the increase in net worth since the pandemic, which outpaced that of older generations, helped slightly narrow that disparity. In 2019, those under 40—about 37% of the adult population—held 4.9% of total U.S. wealth. By 2023, that share crept up to 6.7%.

I suppose an 80% increase of a **** number is a less **** number!

So basically, our kids are growing wealth faster than we did at their age.

​​​​​​LIke I said, it's time for them to get out of mom and dad's basement and make something of themselves.

And yes kids, you may have to work more than 30 hours a week to make that happen.

Lol
 

RedheadedStranger » 10 Feb 2024, 1:39 pm » wrote: ↑

10 Feb 2024, 1:39 pm

So basically, our kids are growing wealth faster than we did at their age.

​​​​​​LIke I said, it's time for them to get out of mom and dad's basement and make something of themselves.

And yes kids, you may have to work more than 30 hours a week to make that happen.

Lol

I posted the article.  The reason they are growing faster is because of investments they made frame the COVID stimulus bills.  And they are still far behind the wealth that older people have amassed.

BV lied to us.  And tried to credit Biden who wasn't even president yet.

Huey » 10 Feb 2024, 1:41 pm » wrote: ↑

10 Feb 2024, 1:41 pm

I posted the article.  The reason they are growing faster is because of investments they made frame the COVID stimulus bills.  And they are still far behind the wealth that older people have amassed.

BV lied to us.  And tried to credit Biden who wasn't even president yet.

This Country's wealth has always been held by the oldest generation. When we die and our kids inherit our wealth, then they will become the "bad guys" that are keeping the younger crowd from getting ahead.

It's called waiting your turn.

The issue we have with today's younger adults is, they have been raised to not have to sacrifice or wait for anything. If they want the latest video game, iPhone, or new pair of Jordan's, then boom... they get it.

Now they want everything their parents and grandparents worked their whole lives to achieve, without having to wait or work for it themselves.

They don't just want it either... they expect it. Hell, they demand it.


 

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.

Post my lie...in my words..

Huey » 10 Feb 2024, 1:41 pm » wrote: ↑

10 Feb 2024, 1:41 pm

BV lied to us. 

Imagine that...

I'm shocked I tell ya... shocked.

 

RedheadedStranger » 10 Feb 2024, 1:39 pm » wrote: ↑

10 Feb 2024, 1:39 pm

So basically, our kids are growing wealth faster than we did at their age.

​​​​​​LIke I said, it's time for them to get out of mom and dad's basement and make something of themselves.

And yes kids, you may have to work more than 30 hours a week to make that happen.

Lol

Living rent free in the basement is probably where most of the savings increase came from.

My single Millennial Daughter has her 18 year old son and girlfriend living with her. They are both working and going to college. The 22 year old granddaughter also lives there with husband and son. Took about 2 years for them to go under trying to make it on their own. Not sure how deep into financial trouble they got but are struggling.

It's just not as easy these days, I sure as hell don't want to go back for a do-over!
 

R. Suave » 10 Feb 2024, 1:56 pm » wrote: ↑

10 Feb 2024, 1:56 pm

Post my lie...in my words..

nobody owns common language. Your post is pure syllogism. no body owns another ancestor's time either, sharing space reproductively here as the whole numbers evolved since inception.

R.Suave » 10 Feb 2024, 1:56 pm » wrote: ↑

10 Feb 2024, 1:56 pm

Post my lie...in my words..

I did.  It is in the OP.  Biden had nothing to do with this.  You tried imply that he did and he didn't.  It was the COVID stimulus packages.  Plus, while as a percentage the wealth grew faster BUT they are still well behind.

Have a nice day.  

Fuelman » 10 Feb 2024, 2:01 pm » wrote: ↑

10 Feb 2024, 2:01 pm

Living rent free in the basement is probably where most of the savings increase came from.

My single Millennial Daughter has her 18 year old son and girlfriend living with her. They are both working and going to college. The 22 year old granddaughter also lives there with husband and son. Took about 2 years for them to go under trying to make it on their own. Not sure how deep into financial trouble they got but are struggling.

It's just not as easy these days, I sure as hell don't want to go back for a do-over!

I agree as far as doing it over again, I certainly do understand that there are challenges in striking out on your own today verses our time.

I also remember that at 25, it took two of us working full time (55-60 plus hrs a week each) as well as me doing side work on my off time, to make it... and we did it because we knew it would pay off down the road, which it did.

Ask your average 25 year old today if they are willing to bust a 60 hour work week at a full time job and then run a hustle on the side to have their own place and they'll look at you like your crazy. 

Why do that when they can get free room and board at mom's place and spend their part time job paycheck on having fun.

I see it all the time.

 
 

Huey » 10 Feb 2024, 2:17 pm » wrote: ↑

10 Feb 2024, 2:17 pm

I did.  It is in the OP.  Biden had nothing to do with this.  You tried imply that he did and he didn't.  It was the COVID stimulus packages.  Plus, while as a percentage the wealth grew faster BUT they are still well behind.

Have a nice day.

No...post my lie, in my words.

Your assertions are worthless.


 

R. Suave » 10 Feb 2024, 2:23 pm » wrote: ↑

10 Feb 2024, 2:23 pm

No...post my lie, in my words.

Your assertions are worthless.


 

And you believe your recited facts are priceless wisdom of the ages.

R.Suave » 10 Feb 2024, 2:23 pm » wrote: ↑

10 Feb 2024, 2:23 pm

No...post my lie, in my words.

Your assertions are worthless.

I did when I voted the OP.  Get over yourself.  You are not a particularly smart person but you play one on the internet.  Go get you a Stepford wife to order around.

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.