Richard Hanania
👤 SpeakerAppearances Over Time
Podcast Appearances
We reached no firm conclusion, but in the process we dug up this chart.
It's titled, He's Got Money, But Not Too Much.
United States median income after taxes and transfers in 2019 prices.
So it has age in years along the x-axis from 15 to 89, and income on the y-axis, and then we have lines for each of the different generations.
And we see that Gen Z, born 1997 to 2012, are currently higher than any of the other lines.
And millennials higher than the others as well.
Scott writes, which shows that millennials in Generation Z have more money, adjusted for inflation that is cost of living and compared at the same age, than their boomer parents, to about the same degree that the boomers exceeded their own parents.
This is good and how it should be.
The boomers have successfully passed on a better life to their children.
The liberals make fun of Schrödinger's immigrant, who is both a lazy welfare parasite and also stealing your job.
But equally sinister is Schrödinger's boomer, who destroyed America through being simultaneously too far right and too far left.
Progressives accuse boomers of instituting market-worshipping neoliberalism, failing the challenge of climate change, and resisting the arc of history on issues like trans rights and Palestine.
But conservatives accuse the same boomers of over-regulating everything in the name of the environment, in quotes, shutting down the nuclear plants, and starting the trend towards gay race communism, with their hippy-dippy 60s values.
In reality, the difference between generations on any of these things is barely noticeable.
It shows support levels for boomers and millennials.
For climate change is personally important.
We see 65 versus 75% roughly, respectively, for boomers and millennials.