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> Gen Z are the richest generation in all of American history on a median per-capita real income basis, compared to older generations when they were the same ag
by feedforward 2y ago
> Gen Z are the richest generation in all of American history on a median per-capita real income basis, compared to older generations when they were the same age.
Per capita? Not at all. What source says that?
More of Generation Z lives with their parents than previous generations, often because they can't afford housing, or even rent, high college debt etc. They live with their parents, and thus in households with higher income, so only in that sense are they "rich" - the household income is higher than if they could afford their own house.
Per capita real income higher? No. What source claims that?
Every time someone says this, if there is a source, this always come back to them living with parents and household income being higher. Not per capita.