Wealth Disparities Across Generations

Wealth is increasingly concentrated among the baby boomer generation, resulting in a stark contrast between their financial stability and the economic struggles of younger generations, particularly Gen Z and millennials. This situation is worsened by stagnant wages for younger individuals, forcing many to rely heavily on parental financial support, especially when it comes to home ownership. Additionally, the baby boomers have accumulated significant assets, especially in housing, allowing them to provide substantial assistance to their children and extend their financial advantages across generations. This growing wealth divide underscores a shift from merit-based opportunities to inherited wealth, fundamentally altering what it means to achieve financial success today.