[orwin]

That's the average. Please compare the median wealth (especially seeing the absurd paper wealth of crypto bro and stock influencers who are almost exclusively millennials).

[Edit] also inflation is calculated based on average consumption. So you will notice that toys, clothing and electronic devices (TVs, cooking robots), all cheaper and cheaper (due to enshitiffication and quality decrease) count more for inflation than education, cars, housing and probably a lot of other stuff a 25-35 yo care more about.

[taneq]

I feel like your edited-in point is glossed over FAR too often. We talk about inflation like it’s some objective measure when it’s arbitrary as f@$k and mostly only reflects what the current arbiters of inflation want it to reflect.

A great recent example was the Australian decision to add capital gains on a primary residence as a profit (ie. negative expense) when calculating inflation. All of a sudden inflation was very reasonable despite the fact that established homeowners and their families were choosing between groceries and mortgage payments… but in terms of their net worth, YAY! They’re getting ahead!