This is ridiculous. If you look at the totality of the situation, the average person is living an easier more comfortable life than the top 1% 120 years ago.
What, before electricity? How about comparing middle class american with a middle class american from 30 years ago. That's where you see some stratification.
That's essentially what I meant. Millenials are first generation to be effected economically worse than their parents. However, they got the most from their parents in terms of a "nice" upbringing (eg. spoiled). And, they can't afford to spoil kids of their own and it's manifesting as not having kids at all