> Yes, GDP has been going up for a long time in many countries, and so the "average wealth" of each generation is going up.
GDP does not correlate to "average wealth" and is itself a dubious measure for economic progress depending on what figures you pick to calculate it.
Also, no matter what metric you use, the "average wealth" of the younger generations, particularly millennials, is not in fact higher than their predecessors. The level of their productivity is a historical high point, but this is infamously contrasted by stagnating wages, assets, and by some metrics even overall quality of life.
GDP does not correlate to "average wealth" and is itself a dubious measure for economic progress depending on what figures you pick to calculate it.
Also, no matter what metric you use, the "average wealth" of the younger generations, particularly millennials, is not in fact higher than their predecessors. The level of their productivity is a historical high point, but this is infamously contrasted by stagnating wages, assets, and by some metrics even overall quality of life.