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Reply to "Boomers' Billion-Dollar Bonanza: The Unseen Hoarding Behind Millennial Struggles"
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[quote=Anonymous]Boomer have more money because they’re old and there are more of them. Gen X are richer now per capita than Boomers were at their age, and Millenials are about the same. https://qz.com/millennials-are-just-as-wealthy-as-their-parents-1850149896 If that seems like a big disparity, you’re forgetting a larger one: There were a lot more Baby Boomers than Millennials, and they made up a much larger share of the population when they were in their early 30s. Even today, Millennials only overtook Baby Boomers as the largest American generation in 2019. When Horpedahl controlled for population size by measuring wealth in per capita terms, a different picture emerged: Millennials are as wealthy as Boomers were at their age, and Gen X (born between 1965 and 1981) is wealthier now than Boomers at the same age. [/quote]
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