That wealth is unevenly distributed. As a Gen-Xer myself, I grew up in the 70s and 80s. In the UK at least in the north of England, there was massive unemploy

That wealth is unevenly distributed. As a Gen-Xer myself, I grew up in the 70s and 80s. In the UK at least in the north of England, there was massive unemployment. At the start of my career, I earned very little (I was lucky to have a job at all). Certainly no spare money to save for the first decade. Then house prices went insane, and the financial crash and almost zero interest rates meant we got no value from compounding the minimal amount I could save for most of the rest of my working life so far. I am lucky in the sense that I now earn a lot compared to my peers. I am fully in catch up mode. Despite what I earn, the majority of it goes to pension contributions and paying off my very large mortgage (on a tiny house next to the railway tracks). I have very little disposable income. And I am doing a lot better than most of my peers, who don't even have the luxury of having somewhere to live and not being in absolute poverty when they retire. Some people have obviously done very well in my generation, but most have not.