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HeerJeet's profile
Jeet Heer
Jeet Heer
Jeet Heer
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@HeerJeet

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Jeet HeerVerified account

@HeerJeet

1. Writer, The Nation https://www.thenation.com/authors/jeet-heer/ … 2. email: jeetheer1967 at gmail dot com 3. Twitter essayist 4. Drawn by Joe Ollmann

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Joined June 2012

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    Jeet Heer‏Verified account @HeerJeet 24 Nov 2019

    Jeet Heer Retweeted Kurt Andersen

    These numbers probably need a little fiddling because the size of each cohort is different. Still, it's very striking and clarifies the huge political differences between Boomers & Millennials.https://twitter.com/KBAndersen/status/1198653456581562368 …

    Jeet Heer added,

    Kurt AndersenVerified account @KBAndersen
    Fraction of all US wealth owned by Boomers & Gen-Xers when the average member of each was age 35: Boomers, 1989 21% GenX, 2008 8% The average Millennial turns 35 in 2023. Right now they own 3%. There will surely be political implications. https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/table/#quarter:119;series:Net%20worth;demographic:generation;population:all;units:shares …
    9:49 AM - 24 Nov 2019
    • 53 Retweets
    • 131 Likes
    • Tomáš Janáček 🇺🇦 Spidermonkey danielgt Ondrej Michalek P.J Pork 🐷🍓 Karen Young Jaden4808 Megatronus Rex Tonkin Honky ¯\_(ツ)_/¯
    7 replies 53 retweets 131 likes
      1. This Tweet is unavailable.
      2. Jeet Heer‏Verified account @HeerJeet 24 Nov 2019
        Replying to @raffine9

        If you are serious about this you are profoundly stupid.

        0 replies 0 retweets 8 likes
      3. End of conversation
      1. New conversation
      2. Neil Mackenzie‏ @mknz 24 Nov 2019
        Replying to @HeerJeet

        It is easy to read the wrong thing out of that data which is likely a symptom of the concentration of wealth over the last 4 decades rather than being caused by the great mass of Boomers.

        1 reply 0 retweets 0 likes
      3. home skillet‏ @ralph_squillace 24 Nov 2019
        Replying to @mknz @HeerJeet

        this is horrible. of course older people have more. What am I missing? Am I reading this too fast?

        1 reply 0 retweets 0 likes
      4. Show replies
      1. New conversation
      2. Nathan Newman  🧭‏ @nathansnewman 24 Nov 2019
        Replying to @HeerJeet

        Also question of how pensions figure in here, since older Americans in 1989 generally had pensions, which often don't figure directly in wealth figures, while Boomers today have 401Ks that show up as wealth.

        1 reply 0 retweets 2 likes
      3. tahfromslc‏ @tahfromslc 24 Nov 2019
        Replying to @nathansnewman @HeerJeet

        Hello. Worker in 1989. I did not and do not know anyone with a pension other than state government employees. Never had a job where a pension was offered. 401k was the only thing. First official job in 1982.

        2 replies 0 retweets 0 likes
      4. Show replies
      1. New conversation
      2. SmugSnake  🚩 🔥 🔥 🔥‏ @SteveSnake59 24 Nov 2019
        Replying to @HeerJeet

        Who's willing to bet once Dems make it clear they intend to keep the system intact and won't raise taxes sufficiently enough on the rich that the youth will go all in on fascism like their European counterparts?

        1 reply 0 retweets 0 likes
      3. Rowen‏ @SCBasenji 24 Nov 2019
        Replying to @SteveSnake59 @HeerJeet

        There's a reason that so many jobs today are security-adjacent jobs. Canada might have to build a wall.

        0 replies 0 retweets 0 likes
      4. End of conversation
      1. New conversation
      2. Paula Tikz‏ @Paula_tikz 24 Nov 2019
        Replying to @HeerJeet

        Size of generations equal?

        1 reply 0 retweets 0 likes
      3. Rowen‏ @SCBasenji 24 Nov 2019
        Replying to @Paula_tikz @HeerJeet

        millenials are bigger than boomers, but the ethnic makeup is more diverse because of immigration and differences in birth rates over the past couple decades.

        0 replies 0 retweets 1 like
      4. End of conversation

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