[padiyar83]

This I think is confined to 21st century western world. Asia (India + China largely) on the other hand is seeing a reverse phenomenon where the next generation frequently end up being more wealthy than their parents and grandparents.

[Kon-Peki]

This “western world” chart is showing approximately 5 generations from the “big economic boom” that created the middle class.

India and China are just now seeing the emergence of generation 2 or 3. What will it look like by gen 5? Based on the experience of young adults in China right now, not so great. India? We’ll see.