Those job losses were sharply lower than expected and the agency said more than 100,000 jobs were lost in full-time work, while private sector employment fell by 73,000 positions.
It’s not equally distributed for sure, what we see in the actual data is the avg Gen X household has had continuous economic growth. If you play with the data and break it out even further, the wealthiest Gen Xers are the ones who are mopping up all the growth.
Millenials and Boomers are relatively stagnant, but Boomers are retiring and drawing down on savings. They merge Millenials and Gen Z in this data, which I think is problematic, but whatever.
Edit: if you break it down, it looks like 44+ is the age group benefitting the most – not sure what in the Simpson’s paradox is driving the Gen X numbers so much in the first chart
Gen X has all the money actually.
And they got way richer during COVID.
They’re the only demographic that got wealthier during COVID.
Do we? I hadn’t noticed.
Again, that’s not this gen-Xer’s experience. I (along with a lot of my co-workers) lost our jobs during and shortly after covid.
And ain’t nobody hiring “old people”, and especially not at anywhere near the income we were making before.
It’s not equally distributed for sure, what we see in the actual data is the avg Gen X household has had continuous economic growth. If you play with the data and break it out even further, the wealthiest Gen Xers are the ones who are mopping up all the growth.
Millenials and Boomers are relatively stagnant, but Boomers are retiring and drawing down on savings. They merge Millenials and Gen Z in this data, which I think is problematic, but whatever.
https://www150.statcan.gc.ca/t1/tbl1/en/cv.action?pid=3610066001
Edit: if you break it down, it looks like 44+ is the age group benefitting the most – not sure what in the Simpson’s paradox is driving the Gen X numbers so much in the first chart