Maybe millennials didn't get screwed by the economy after all
. This data, from the third quarter of 2022, shows that — based on generational wealth per capita — millennials are building wealth at the same rate that Gen X and boomers did. One other key thing to note is that this is adjusted for inflation, so it takes rising prices into account.
But one should expect boomers to have a greater share of wealth: They've had decades to build their career and amass assets. And while many millennials did get off to a rocky start in the jobs market — especially those at the upper end of the generation who graduated before and into the great financial crisis — there's evidence of a significant bounce back since then.
Per Twenge, by 2019 income for the median millennial household was about $9,000 higher than that of the media Gen X household at the same age, and $10,000 more than the median boomer household.
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