Are We Worse Off Than Previous Generations?
“On paper, millennials are doing better than boomers were at the same age.”
Every generation insists it got the raw deal, so our hosts, Natalie and Dan Slagle, decided to check the math instead of just complaining.
Adjusted for inflation, millennials at 34 hold $1.35 for every dollar boomers had at that age, according to St. Louis Fed research, thanks largely to post-pandemic gains in stocks and home equity.
But two structural gaps complicate the "we're fine" story. Homeownership sits up to nine points lower than it was for boomers and Gen X at the same age, and student loan debt, averaging…
The skinny
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