Why Younger Generations Are Convinced They Are Falling Behind | Philipp Carlsson-Szlezak

Data show Gen Z/millennials ahead of prior generations in income and wealth at comparable ages, despite record pessimism.

• Income and wealth gains: BCG's paper finds Gen Z's median inflation-adjusted income at age 28 is 25% higher than millennials and 50% higher than boomers at the same age.
• The $600,000 benchmark: A cited survey shows Gen Zers think $600,000/year defines financial success (top 1% of earners), versus $150,000 for the Silent Generation, signaling inflated expectations.

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