I’ve read the article. It goes into detail in the stats across the entire generation. It talks about the big rise in both median and average household wealth for millennials between 2019 and 2022. It also acknowledges that the gap between 20th percentile and 80th percentile for millennials has grown to the largest in history for any generation.
It’s the rise in house prices and the stock market. For millennials who already owned that stuff before the pandemic, and in a position to take advantage of the huge salary gains from the great resignation, the last 5 years have been a financial boon.
Yeah it’s a somewhat standard reporting structure, of an intro paragraph about the stat, 4 paragraphs about a specific person’s journey from unemployed college grad living with parents and mowing lawns for extra cash to becoming a CFO in the span of 15 years, and then a longer description of what the stats show, then placement of those stats in context comparing to Gen X and Boomers, and important caveats in what the stats actually mean (unclear whether this makes millennials better off when they’re expected to face higher lifetime costs on housing and healthcare). Then it dives back into the anecdotes, including how most rich millennials perceive the fragility of their own financial position.
Here’s an archive.is link:
https://archive.is/Gr6qG