> Second, 18 to 35 is sort of a crazy range, it seems to me, since the net worth of the group is likely going to be dominated by those in their 30s who are mid-career.
And yet, it still
> has dropped 34%
If you break it down to two sub-demographics, I suspect there'd be an even larger disparity within e.g. 18-25 than there is with 26-35 for reasons such as student loans, but 18-35 would seem appropriate for what's perhaps an overgeneralized view of when most career trajectories and preferences plateau/harden.
Not sure if it's at all related to the key TV demographic of 18-34, but that wouldn't surprise me either for largely the same reason (hardening of preferences).
But I think that's kinda the point. People were previously building more wealth at a time in their lives when said wealth would have a more profound impact as they approached retirement age some number of decades later. The current generation occupying that demographic has been tragically stunted by stagnation in wage growth + inflation of education charges, and here in the United States, this may well impose a cascading detrimental impact on the health of the economy as a whole.
> If you break it down to two sub-demographics, I suspect there'd be an even larger disparity within e.g. 18-25 than there is with 26-35 for reasons such as student loans, but 18-35 would seem appropriate for what's perhaps an overgeneralized view of when most career trajectories and preferences plateau/harden.
My point is exactly that I don't think it's likely that 18-25 would show an even larger disparity, since my suspicion is that the disparity is driven entirely by those who began their career during the Great Recession. 18-25 year olds, who began their career as the economy was heating up, wouldn't show the same. But I'd love to see the data to know if that's the case.
And yet, it still
> has dropped 34%
If you break it down to two sub-demographics, I suspect there'd be an even larger disparity within e.g. 18-25 than there is with 26-35 for reasons such as student loans, but 18-35 would seem appropriate for what's perhaps an overgeneralized view of when most career trajectories and preferences plateau/harden.
Not sure if it's at all related to the key TV demographic of 18-34, but that wouldn't surprise me either for largely the same reason (hardening of preferences).
But I think that's kinda the point. People were previously building more wealth at a time in their lives when said wealth would have a more profound impact as they approached retirement age some number of decades later. The current generation occupying that demographic has been tragically stunted by stagnation in wage growth + inflation of education charges, and here in the United States, this may well impose a cascading detrimental impact on the health of the economy as a whole.