If that was true, you'd expect the younger professionals of today would have comparative amounts of wealth to the boomers when they were young professionals. It's absolutely not the case. Each generation is getting poorer and poorer as they hit the same benchmarks.
This tracks with broad trends of wealth inequality increasing as well.
So no, it's not just "they haven't accumulated yet", because it's not clear they will have the opportunity to do so.
This tracks with broad trends of wealth inequality increasing as well.
So no, it's not just "they haven't accumulated yet", because it's not clear they will have the opportunity to do so.