Whinge, Whinge, Whinge

[abbey1227]

Markets
The Stock Market Keeps Rising, but Millennials Aren’t Reaping the Benefits
Many young investors, wary of bear markets, have focused on paying off debt and saving instead
Elizabeth Brozek, in her Phoenix home, said the pandemic made her put her financial plan on hold. Cassidy Araiza for The Wall Street Journal
By Nov. 25, 2020 7:00 am ET

Many millennials, having suffered through two nasty bear markets in the first years of their working lives, are missing out on some of the gains from the rally that brought the Dow Jones Industrial Average to 30,000.

The stock market’s surge in the midst of the pandemic has given investors confidence and helped businesses raise capital. It has also come with big swings, including one of the worst selloffs in history followed by one of the fastest recoveries, with triple-digit point moves in the Dow commonplace.

This has made many young investors wary of putting too much of their assets in stocks.

About half of millennials—generally defined as people born from about 1981 until 1996, sometimes called Generation Y—are invested in the stock market, roughly the same ratio as members of Generation X were at the same age, according to the Federal Reserve Bank of St. Louis. The difference is that the value of their holdings is nearly a third lower than their counterparts at the same age, according to the St. Louis Fed.

www.wsj.com/articles/the-stock-market-keeps-rising-but-millennials-arent-reaping-the-benefits-11606305600?st=udlc27zcy7jukla&mod=ffced

Why would you expect to reap the benefits when you aren't invested in the game? 

[Prometheus]

They want everyone else to make money so that they can maintain their "victim" status.

Millennials and Zoomers are odd demographic cohorts in that they seem minimally interested in success.

[abbey1227]

Jun 1, 2021 4:38:38 GMT Prometheus said:

They want everyone else to make money so that they can maintain their "victim" status.

Millennials and Zoomers are odd demographic cohorts in that they seem minimally interested in success.

No wonder we're seeing a rise in anti-Semitism.

And if what you've told me about Asians is true...... it could explain yet another rising form of hate-crime.

[Prometheus]

Jun 1, 2021 4:45:58 GMT abbey1227 said:

Jun 1, 2021 4:38:38 GMT Prometheus said:

They want everyone else to make money so that they can maintain their "victim" status.

Millennials and Zoomers are odd demographic cohorts in that they seem minimally interested in success.

No wonder we're seeing a rise in anti-Semitism.

And if what you've told me about Asians is true...... it could explain yet another rising form of hate-crime.

Hubris