I wonder if the oversized tech millionaire/billionaire millennials inflate the amount of wealth the majority millennials actually hold. Judging by the number of millennials I know anecdotally living with their parents, I don't think most millennials own a lot of assets.

The same phenomenon is probably much more pronounced among the boomers.

And, buying power was wayyyyy stronger for them. As a % of income, housing tended to cost a fraction of what is currently the norm. It's not uncommon for boomers to just have 2-3 properties because in a middle class job you could afford it.

But the boomers were a much bigger percent of the population than millennials are today, so of course they’d own more?

Do you think these percentages line up?

What about the relative cost of a semester of college in 1970-80 vs today? Or the relative cost of housing?

Someone did some math on the cost of housing taking into account lower interest rates (thus lower payments), plus inflation and actually outside of a few select markets, houses don't cost that much more.

What about college?