That’s utter bullshit to the point where I suspect ulterior motive.
For “rich” you’d need to look at wealth not employment %.
The younger generations are miles behind previous generations on metrics such as age constant net wealth. eg look at the chart in this and contrast that with the economists take:
The chart you linked stops before it gets to the cohort discussed in the article. The youngest cohort shown is the 25-34 cohort in 2016 would have been born in 1982-1991 ("gen y"/"millenials"). The economist article is discussing the cohort born starting in 1997. It seems to think the chart gets rosier for the young.
Fair point on data comparability. The trend (younger generations substantially worse off) is pretty clear though.
> It seems to think the chart gets rosier for the young.
That seems comical optimistic to me. Between gig economy, covid and rising cost of living, unaffordable housing, college loans I struggle to see the young ones building rapid wealth all of a sudden. If anything id expect even worse than where that chart stops.
For “rich” you’d need to look at wealth not employment %.
The younger generations are miles behind previous generations on metrics such as age constant net wealth. eg look at the chart in this and contrast that with the economists take:
https://www.google.com/amp/s/www.dailymail.co.uk/news/articl...
(Crappy amp link sorry - on mobile) it’s from page 31 here
https://www.nber.org/system/files/working_papers/w27123/w271...