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baseballcrank's profile
Dan McLaughlin
Dan McLaughlin
Dan McLaughlin
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@baseballcrank

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Dan McLaughlinVerified account

@baseballcrank

Senior Writer @NRO. Reaganite, Catholic, Mets fan, ex-lawyer. Opinions 100% my own, but you can share them. Not the Cardinals broadcaster.

New York
nationalreview.com/author/dan-mcl…
Joined May 2009

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    Dan McLaughlin‏Verified account @baseballcrank 21 Oct 2019

    Dan McLaughlin Retweeted CNBC

    This sounds overstated, but it's mostly a reminder that most of the Millennial generation is over 30 now, and many are approaching 40.https://twitter.com/CNBC/status/1186075946417344512 …

    Dan McLaughlin added,

    CNBCVerified account @CNBC
    1 in 6 millennials have $100,000 saved — here's how much you should have at every age. https://cnb.cx/33DIXcb 
    9:19 AM - 21 Oct 2019
    • 5 Retweets
    • 42 Likes
    • Guy at the Diner Acilius horsebackwriter kørįń Jeff A 🧙‍♂️ See Jack Run Jeremy Murr NH Ian Collins
    6 replies 5 retweets 42 likes
      1. New conversation
      2. Dan McLaughlin‏Verified account @baseballcrank 21 Oct 2019

        Also $100,000 in savings is a lot for working-class Americans, but if you are middle to upper middle class & have a 401(k), it's not that hard to have total savings in the low six figures by your early to mid 30s, especially with two incomes.

        3 replies 3 retweets 26 likes
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      3. Dan McLaughlin‏Verified account @baseballcrank 21 Oct 2019

        Of course, there's a lot of variables that go into savings: marriage, kids, house, college debt, how young you started working, what part of the country you live in.

        2 replies 1 retweet 12 likes
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      4. Dan McLaughlin‏Verified account @baseballcrank 21 Oct 2019

        For my part, no more than half of the money I've saved since I started working 23 years ago has gone into retirement or cash savings; the rest went into house down payment and - mostly - 529s for the kids.

        1 reply 1 retweet 7 likes
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      5. Dan McLaughlin‏Verified account @baseballcrank 21 Oct 2019

        What's depressing - and a common experience that fuels a lot of the politics of people under 40 - is that I make multiples of what my dad made, I've saved hundreds of thousands of dollars in 529 accounts, yet my kids will still graduate with more college debt than I did.

        6 replies 1 retweet 17 likes
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      6. End of conversation
      1. Supply Side Gaslighting‏ @82_and_0 21 Oct 2019
        Replying to @baseballcrank

        I'm surprised you didn't joke that "of course they have $100,000. It's easy to get there when you live with Mom and Dad"

        0 replies 0 retweets 1 like
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      1. Charlie‏ @CharlieJThomas 21 Oct 2019
        Replying to @baseballcrank

        What I want to know is how my whole like I was considered Generation X and in the last two years I'm somehow now on the back of millennials?

        0 replies 0 retweets 1 like
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      1. Theodore Herrera‏ @TheodoreHerre15 21 Oct 2019
        Replying to @baseballcrank

        Hey Dan...quick thing ..Love/Hate Trump but at least he tweets under his own name..Mitt hides under ‘Pierre Delecto’...you should call him out in your column

        0 replies 0 retweets 0 likes
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      1. Jason O'Malley  🍀 🇮🇪 🎉‏ @jpo_mpls 21 Oct 2019
        Replying to @baseballcrank

        I think an important factor in framing out the financial decisions by millennial is they saw their parents go through bankruptcy, foreclosure, financial ruin like no other generation, ever. They are learning better than older generations.

        0 replies 0 retweets 1 like
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      1. New conversation
      2. The Captain's Blog‏ @williamnyy23 21 Oct 2019
        Replying to @baseballcrank

        Overstated? 17% sounds very low when, as you noted, millennials can be as old as 40. Even if they used the median, that figure would be alarmingly low.

        1 reply 0 retweets 0 likes
      3. Adam Schiavone‏ @AdamSchiavone 21 Oct 2019
        Replying to @williamnyy23 @baseballcrank

        I guess we’re on a different wavelength because I cannot imagine the true figure is anywhere close to as high as 17%. The oldest millennials are 38; by definition, almost 60% are 29 or younger. A fifth are currently in college.

        1 reply 0 retweets 0 likes
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