Gen Z
(media.scored.co)
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Each one has done well for themselves and they've been in the same economy.
All own homes, do what they want with their money, grandkids want for nothing.
Of course they have skills and education, maybe that's the defining factor.
As far as personal net worth at the same age compared to Boomers or Gen X, Millenials are outpacing both of where those demographics were at age 40.
The bottom third Millenials as in almost every other age demograhic are not doing well.
A house worth $185,000 in 1985 is worth $3mil in 2025.
So if the "net worth" of a Boomer back in '85 is $200,000, and a Millenial's in 2025 is $1 million, the Boomer is still worth *three times as much as the Millenial*.
The average net worth of a middle-aged Boomer in 1985 averaged $62,000.
The average house nationwide worth $185k in 1985 would be worth far more today as the average house in the U.S. in 1985 was only $82.8k, but unless it is in a coastal city there is zero chance it is worth $3 Million.
The house I bought in 1981 for $80k right now in a good neighborhood with a good school system is worth $285k.
I couldn't build it for twice that.
Sure, sure, NAXALT and all, but if everyone you know did everything exactly the same, they could own *five* houses back then, which means the people back then that could only afford *one* house would be taking government assistance today.