It's not meaningless. It's not just that they have more NOW than younger generations. It's that they had more than the younger generations do when they were the same age.
My dad (not technically a boomer) bought a house after being in the workforce for less than 10yr for 25k while making $19 an hour with no degree or certifications. That's insane because most of us who have been in our careers with degrees aren't making 10x that but the average house price is 10x that. Even if you go for a cheap house, that's 100k. To keep the scale, you would have to be making $75 an hour.
My dad (not technically a boomer) bought a house after being in the workforce for less than 10yr for 25k while making $19 an hour with no degree or certifications
Even the wage listed sounds high compared to the modern day.
It's not meaningless. It's not just that they have more NOW than younger generations. It's that they had more than the younger generations do when they were the same age.
My dad (not technically a boomer) bought a house after being in the workforce for less than 10yr for 25k while making $19 an hour with no degree or certifications. That's insane because most of us who have been in our careers with degrees aren't making 10x that but the average house price is 10x that. Even if you go for a cheap house, that's 100k. To keep the scale, you would have to be making $75 an hour.
Even the wage listed sounds high compared to the modern day.
If minimum wage kept pace with real inflation since 1970, it would be over $155/hr right now.