By 2019, households headed by Millennials actually made more money than Silents, Boomers, and Gen X’ers at the same age—and yes, that’s after the numbers are adjusted for inflation (see Figure 5.15). The median Millennial household made about $9,000 more than Gen X’ers at the same age, and about $10,000 more than Boomers. So Millennials were actually doing better than their parents’ generation, not worse.
Income was adjusted for inflation but was everything else? Cost of college, homes, food, etc.?
