re: Millennials make more money than any other gen. did at their age, but are way less wealthy

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Millennials make more money than any other gen. did at their age, but are way less wealthy

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Title is false:

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millennial households at age 40 — the oldest of the generation — are earning $85,000. That's more than Gen X earned at that age, $77,000, as well as boomers, who earned $70,000.

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wages have increased by 19% in the US since 2006. But when you factor in inflation, "real wages" have declined by 8.8%. That means workers have less purchasing power than they used to.

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No words need to be said to explain the false title.
Additionally, this next statement just means that the rich are getting richer and the middle-class are falling further behind. It has nothing to do with the stigmatism of boomer vs millennials. That 5% today might be equivalent to the 21%, dollar for dollar. Percentages don't mean shite without the actual numbers.

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When boomers were roughly the same age as millennials are now, they owned about 21% of America's wealth, compared to millennials' 5% share today, according to recent Fed data.

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