It's not just government redistribution giving Millennials a boost. By the time they hit their mid 30s, their market income was well ahead of Gen X or the Boomers (and yes, this is adjusted for the cost of living). They had caught up in wealth, too.
The burden of supporting the elderly will also probably reduce fertility even further — it's hard supporting kids and your retired parents at the same time! — which will compound the problem in the long term.
2mo ago
Underscored — save the words that stop you in your tracks.
