The average income of 25-year-olds in the US is significantly higher than that of previous generations at the same age, even 50% more than what boomers were earning when adjusted for inflation. Comparatively, young people's incomes have been catching up with older generations in recent years. While Gen Z faces high housing and university costs, they are entering the housing market earlier than millennials, thanks to their higher earnings. Although housing and education remain expensive, Gen Z's ability to manage costs is slightly below the long-run average due to their comparatively strong earnings.