In terms of raw wages, it seems like overall the millenial generation does have either lower wages or higher debt than the boomer generation. Page 16 (table 2)

In terms of raw wages, it seems like overall the millenial generation does have either lower wages or higher debt than the boomer generation. Page 16 (table 2) compares wages from 1979 to 2019: the wages have gone up for college grads but have gone down for non-college grads. [0] Do note, of course, that to get those college wages, most students needed to go deeply in debt. In terms of the larger economic environment, the boomers were generally born and raised during the Golden Age of Capitalism [1], but they likely entered the workforce around the time of the early '70s recession. However, the '80s and '90s appear to have been good times to have a job, but as each year went by, it became less and less good to have non-college jobs as the stats above show us. For millenials, the non-college jobs have been objectively worse in terms of pay, and the job opportunities that did exist were hampered by the .com bust (more a Gen Xer hindrance), the '08 bust, and of course, the covid shit show. [0] Wages: https://sgp.fas.org/crs/misc/R45090.pdf https://sgp.fas.org/crs/misc/R45090.pdf [1] Golden Age: https://en.wikipedia.org/wiki/Post%E2%80%93World_War_II_economic_expansion https://en.wikipedia.org/wiki/Post%E2%80%93World_War_II_econ...