That's definitely a good question to be asking since there's definitely a ton of click-bait crap out there, especially when it comes to claims about millennials and baby boomers.Do you feel that is a reliable source? Remember, in the USA we don't have the "fairness doctrine", so you can pretty much say whatever you want to push an agenda. I am not buying any of it. I think people live at a VERY high standard of living today compared to 15 years ago. Heck you almost don't need a pulse to survive now. It is crazy how easy life is. Just click on something and it is there the next day. Wow, life is so hard. lol Sure! Study history for sure. We wouldn't last a day in the 1700's.
CNBC does have a slight liberal bias, but the source data of this claim is based on the findings of the New America Think Tank on earnings and a Pew Research Center analysis on education. They are both described as "centrist", although there have been some claims of left leaning to New America.
New America is a name that's less well-known from my perspective, but the only criticism I have found against it is that it's funding tends to come from big companies like Google and that this could have resulted in suppression of anti-monopoly findings.
Source for this: https://www.economist.com/united-st...america-foundation-falls-into-a-familiar-trap
But that's not necessarily relevant to the findings here.
And Pew Research is a very well known organization that has a strong reputation for being one of the least-biased polling organizations in the U.S.
I definitely appreciate your skepticism, but there's a solid foundation behind this claim. This claim is also backed up by other solid sources, such as the Federal Bureau of Labor and Statistics:
https://www.bls.gov/opub/ted/2019/b...s-in-real-earnings-at-every-stage-of-life.htm
And this topic has been a pretty common one, particularly due to how housing prices have been affected by quantitative easing after the 2008 recession.
As a millennial (barely since I was born in 1983) that graduated into a recession, worked up the corporate ladder to earn strong positions in several fortune 500 companies, I still wasn't able to afford my own house until my mid-30s and that was only after I benefited from an inheritance that came after my mother passed, so I can definitely add that my own experience has matched this, particularly in comparison to my father (born 1940) who has had a more comfortable transition into middle class after moving from the military to a career in the post office without a college education.
My career has been as a data analyst, so I definitely don't take source data lightly and I don't underestimate the intelligence of the community here, so I know better than to just take the first result from a Google search too seriously either.