The media makes a big deal over the fact that the millennials are the first generation that will not do better than previous generations but that is not true. We actually peaked with the greatest generation. The boomers would do better than their so called greatest parents because both boomer husband and wife worked!
However my wife and I we’re an exception to this rule as she stayed home and raised our 3 kids. They would go on to earn a total of 3 bachelor degrees, 5 master degrees and 1 PhD between them! The best long term investment we ever made! My kids generation not only were the first latch key generation but half were from one parent households given the high divorce rates of the time! Between the housing bubble and the pandemic only those millennials practicing polygamy are going to do better than their boomer parents.
And that is all I’m going to say about that!