Isn't it normal for people who have more productive years behind them already (and thus more savings etc.) to own a bigger share in the economy? Today's Gen Z-ers will too be retired 40-50 years from now, and will also own lots of assets then.
There is also the huge issue of student loans basically setting back a whole class of people more and more over the years. I have friends who have student debt and very nice paying jobs, but the debt still set back plans for home buying and family planning by 5-10+ years for a lot of them.
Currently my future lies in me building out a van to live in eventually while I save up to escape the Southern US.
Likewise when the US Boomers were the age millennials are now they owned about %20 of the wealth collectively.
What about the relative cost of a semester of college in 1970-80 vs today? Or the relative cost of housing?
> In almost every way measurable, millennials in the U.S. at 40 are doing worse financially than the generations that came before them.
> Now, if predictions of a long, post-Covid economic boom are to be believed, this may be the last opportunity an entire generation has to build wealth before heading off into retirement.
Eh, Millennials are measurably worse off than boomers or Gen X were at their age.