via @kottke ... quick question, gen z: wtf
https://www.axios.com/2024/11/22/boomers-gen-z-millennials-financial-success
i'm choosing to believe this is dominated by the 13-year-olds
@maya @kottke so if you click through the study was only on legal adults (so 18+)
i think whats happening here is these are kids who are in college or just graduated with a large amount of college debt & who grew up being told that to be financially successful is to own your own house, have a decent car, etc. And they’re looking at how much they’d have to earn to pay off their loans and buy a house anytime soon and coming back with 600k which…yeah is still prob higher than it needs to be (esp if you live somewhere with a more moderate CoL) but not as insane as it initially looks?
@Satsuma I guess that I'm stuck on just HOW much higher it is than it needs to be, even from my perspective relatively inured to a HCOL area. like that's so, so, SO high.... there is very little ethical to do with that much money but retire quickly!!!!
