Is that not typical for every generation during and after their schooling years?
Only in a sense so vague that it loses all meaning. You can look up studies comparing the actual wealth of different generations at different ages. Millennials were worse off than Gen-X and Boomers were at the same age, and Gen Z are worse off than Millennials at the same age. The average wealth of the average 30 year old has, in-inflation adjusted dollars, declined markedly over the last several decades.
This should be common sense. Consider just housing. The median home price has gone up much faster than the median income. People who already own homes have benefited substantially from this. But the only way homeowners can earn above-inflation rates of return is if housing is becoming more unaffordable.
Only in a sense so vague that it loses all meaning. You can look up studies comparing the actual wealth of different generations at different ages. Millennials were worse off than Gen-X and Boomers were at the same age, and Gen Z are worse off than Millennials at the same age. The average wealth of the average 30 year old has, in-inflation adjusted dollars, declined markedly over the last several decades.
This should be common sense. Consider just housing. The median home price has gone up much faster than the median income. People who already own homes have benefited substantially from this. But the only way homeowners can earn above-inflation rates of return is if housing is becoming more unaffordable.