I think it's of course not so simple, and the abstract of the paper they refer to [0] seems to contradict the Business Insider article. Sure, inflation adjusted median income is up slightly. In addition to this educational costs have exploded, and to earn a median salary it has become necessary to buy in. People under 30 have greater inflation adjusted income, but this is because they rely more on their (boomer) parents. The overall wealth in society has increased dramatically, but the vast majority of gains are going to the outliers.
That is to say, the real conflict isn't between boomers and millennials, it's between billionaires and everyone else. But generational friction is not new, a more common experience, and easy to exploit in media.
That is to say, the real conflict isn't between boomers and millennials, it's between billionaires and everyone else. But generational friction is not new, a more common experience, and easy to exploit in media.
0: https://www.federalreserve.gov/econres/feds/files/2024007pap...