I wanted to share this because of two observations:
- Why the Zoomer expectation is so surprisingly high
- Why the Millennials are so surprisingly low
Alright, about that first one:
The gut reaction of most people probably is that Zoomers are young, their impressionable years have been marked by inflation. They have more years into the future to think about and their character will be forever stained by this just like great depression babies had a different scarcity mindset even decades after 1929. And thus Zommers extrapolate from there for the next 40 years. 600k. Big number.
I think there must be something true to this. But don't forget that the youngest Zoomers are 12yo. Ask any 12yo about financial success and they will answer ONE MILLION. They would answer every question with one million. That skews the statistic.
Second thought:
Why are Millennials so low? Surely there is a flaw in the graph here if its even lower than genX. Shouldn't it look more like this naturally:
Have a few birthyears been uniquely tainted by 2008? 2008 was bad but there were recessions every few years before that. What's different here?
And even more interesting for me: Will we see an effect of this on genAlpha, the children of Millennials? Maybe the future will hold an alternating pattern of scarcity-abundance generations. Reinforced by a self-fulfilling prophecy.
