If you normalize by age, younger generations are wealthier than previous generations. A 50 year old gen-xer is wealthier than 50 year boomers were, a 25 year

If you normalize by age, younger generations are wealthier than previous generations. A 50 year old gen-xer is wealthier than 50 year boomers were, a 25 year old z-er is wealthier than previous generations were at that age, etc. Yes, wealth inequality is increasing. There is more variation in that set of 50 year old gen-x'ers than there was in that set of 50 year old boomers. But on average and normalized for age, younger generations have both more wealth and more income than older generation.