>Gen Z are the richest generation in all of American history on a per-capita real income basis, compared to older generations when they were the same age.
source: https://www.economist.com/img/b/608/739/90/media-assets/imag...
source: https://www.economist.com/img/b/608/739/90/media-assets/imag...
Anyone looking at this chart can see the asterisk in it - adjusted by household size
This is not a per capita income chart. It even says it is not in the chart.
More of Generation Z lives at home in their 20s than baby boomers, so the income of their household is higher.
They can't afford a house or even rent, and live with their parents, meaning a richer household, and are said to be richer.
This was discussed (elsewhere) three months ago when this Economist article came out.
>Subsequent references in this paper to couple incomes always refer to the income of the individual alone if single, and the equal-split income of the individual and their spouse if married.
https://www.federalreserve.gov/econres/feds/files/2024007pap...