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Comment by RickS | Hacker News Reader

That chart is comparing point in present time, not point in generation-relative time. IE zoomers at ~25 mills at ~40. If you were to approximately age sync the red and yellow lines on that chart, by moving their start dates to the same point, the red line is higher.

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There's several charts, the second is: Gen Zers, Millennials Less Likely to Own Homes Than Their Parents at the Same Age which does a direct "at same age" comparison and showed that Gen Z started off slightly stronger than millennials but fell behind.

I do wonder about how they're calculating some of this. It looks like in the chart is saying 16% of the cohort born between 1981 and 1996 (aka millennials) owned a home in 2000. I wouldn't even expect 16% of that group to be over 18.

> If you were to approximately age sync the red and yellow lines on that chart, by moving their start dates to the same point, the red line is higher.

Like this: https://imgur.com/a/d7stXVN

Thanks for sharing! Seems to show that both are doing poorly relative to earlier generations, and it doesn’t seem Gen Z is greatly (or much at all) outpacing millennials.

And as usual, no one cares about Gen X :)

At least you aren’t hated like us boomers. Apparently everything wrong in the world is down to us.

As a millennial, I apologize for the blame and hate the boomer generation gets. But I think it's important to understand why the hate exists.

Many boomers grew up in an era where even if you dropped out of high school and waited tables full time for a few years, you'd be able to afford to buy a house and start a family by age 25. Sure, interest rates were 20%, but the price of a house was often just 2-3x someone's annual salary (single earner). Now the price of a house is often 4-5x a households annual salary.

Boomers also had access to stuff like pensions.

I think boomers wouldn't get hate if it weren't a trope for them to say that the millennial generation is lazy, entitled, etc. When milennials have to be extraordinary in order to live what used to be an ordinary life (3 bedroom house, 2 kids).

I am right on the cusp of my home cost being 3x my salary, I bought it when it was 4x, but the interest rate was 2.75%.

If I refinanced now, I probably couldn't afford my own home.

You would be the subject of much envy for those on the west coast of Canada!

"for them to say that the millennial generation is lazy, entitled, etc" - they said it about Gen X too, but there's too few of us, so they focused on the Millenials instead.

I too dislike the Millenial whoop, but I like smashed avocado toast, so it's a wash for me.

Which is crazy cause GenX is management as everything falls apart. GenX is 50-65 year olds running everything and everything sucks now.

GenX is the big tech leaders, the insurance CEO that got got, the EpiPen CEO jacking up prices, senior teachers and admins as student grades slide into the toilet, the uncreative repetitive Hollywood decision makers. Hollywood actors slapping each other live on camera and hacking their faces up to pretend they are still 25. They manage the construction companies that refuse to build more homes.

As an older Millennial it's not a shock they ended up such poor leaders. Working with GenX has always sucked.

I think you need to be a little careful of taking the whole generational group thing too far. It's a very lazy way to think, and it can cause real hatred on overly simplified, group identified lines.

Like: if you were a few years older, now you're the focus of your own hatred? Doesn't make much sense, does it?

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