re: Millennial wealth is still lagging behind previous generations at the same age

And most people stay at a job several years before switching so they are only missing out on a relatively small portion. Also as the poster above me said, most places now start matching from day one so there is really no penalty for switching

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There are too many variables to answer this honestly.

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Yea, I'm calling bull ****

Not true. Most companies have a short waiting period like you mentioned (say 6 months). If you lose 6 months every two years because you are switching jobs then over a career that is a lot of time lost.

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People born in 1990 remember a time before cell phones and the internet were mainstream, the world before 9/11, the Super Nintendo, and Michael Jordan playing basketball.

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they might vaguely remember that stuff that people grew up with that were born in the 80s. the child hoods were different. I am semi trolling greatlakes because he is the kid trying to get in the adults car. but the "accepted" millennial age range should be split. someone born in 1983 are a completely different child hood as some one born in 1993. Which is because of the internet. the childhood of someone from 1951 is basically that same as someone fro 1961.

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Kids born in 2000 have never known a world without the internet and prominent cell/smartphones.

The same cannot be said about kids born in the 90s.

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you think a 5 year old knew the world without internet?

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You missed the point. Gen X and Boomers were wealthier than their millennial counterparts at the same age. Boomers were far wealthier than Gen X’rs were at that point.

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Cause we worked for it and didn't need a set of truck nuts.

My kids, one a xer and the other a millennial both own there houses. Yes, they worked for it.

Oh, both didn't go out for coffee or craft beers.

Trust me on this. It happens a lot.

Yeah but we know proper grammar

Three major things causing this.
1. Student debt
2. Rent cost
3. Car note cost
It's hard to generate wealth when you are constantly paying increasing debts while wages remain relatively stagnant.

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Bachelor degree gets you a job working fast food. Masters and Dr is what differentiates you now. So Delay actual work by 8 yrs.

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While a bit exaggerated, this is a very valid point. A lot of major companies have switched to hiring their people out of grad school.

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2) it’s probably offset by a signing bonus

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Which is more often than not spent and not saved.