Chippopotanuse t1_j9fxem8 wrote on February 21, 2023 at 5:14 PM

Reply to comment by pccb123 in As of Aug 2022, the median millennial household income was $106,661. People making at or close to the median household income that are buying houses in MA, where are you able to buy? by BoOo0oo0o

Millennials are 27-42.

Every teacher I know started around 22. But I mostly know teachers who went to BC and local schools and am not as familiar with folks who transitioned into teaching at age 40.

So yes - there are a whole shit ton of 15-20 year teachers in the millennial age range. I wasn’t referring to 65 year olds but I can see how you might read it that way.

And maybe you missed the “early” in the retiree part.

Boston has a stunning amount of folks who made a lot of money in tech and finance (or who have family wealth) and who leave full-time work in their 30’s / 40’s. Especially to have kids. I saw it all the time back when I did big law. (I left full time employment at age 37).

The millennials right in the middle of this median - the ones who actually do make around $105k as a household and who are between age 27 and 42 - are a very diverse and weird mix of folks with all sorts of different economic and family circumstances in my experience. It’s really hard to lump them into one bucket and generalize.

(Two line cooks who are 40 and who make $50k each are very different than a single 27-year old renter who makes $105k at State Street. Etc…)

pccb123 t1_j9g37o1 wrote on February 21, 2023 at 5:50 PM

Im a millennial. I agree with you. I was just noting that salaries of teachers with 20 years experience and (early) retirees wouldnt really skew that median too much since there arent that many millennials in either group quite yet. Even the oldest millennial who started right out of college att 22 would just hitting 20 years now. Although I definitely wasnt thinking early retiree meant 30s/40s, and Im sure youre right that there are way more tech/finance people who leave full time work than I considered. Now I'm curious the % of people in their 30s/40s who were able to do so.

Either way, I agree that its hard to lump everyone in/generalize, particularly when it comes to familial wealth, etc.