"Granted, those under 40 are still the poorest of the generations."<p>Well at least the article is honest about it. But maybe this indicates the beginning of things getting better :)
In nominal terms, but in real purchasing power? No. If you take the S&P and divide it by the Fed balance sheet it's gone sideways. The only securities that have grown relative to the Fed balance sheet, so in real purchasing power terms, is the NASDAQ 100 and BTC.<p>So what's happening here? Well currency is being debased through Fed asset purchases. The Fed is manipulating the price of assets and flooding financial markets with liquidity, while simultaneously making it look like inflation (how it is traditionally measured) is low. Inflation measures don't take into account stock market prices.<p>However you can't blame them for doing this now. The system could have been de-leveraged in the 90s but post 2008 if the Fed doesn't do this the entire global financial system would collapse if the securitized collateral of the system was allowed to correct due to hypothecation. No one wants the US to end up like Argentina. So now the West is ending up more like Japan where the BoJ is the purchaser of last resort.<p>All my analysis points to the only chance non Boomers have is push out far into the risk curve by buying BTC, and/or the NASDAQ 100 (or the "Magnificent 7 Stocks" consisting of Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla if you want to concentrate your holdings and avoid annual ETF fees).<p>You can forget most of what's taught in a CFA or in a Finance degree. The collateral of the system cannot be allowed to crash and so market interventions will continue until a new financial system is imposed (probably CBDCs).<p>Only network adoption rates seen in BTC (and more risky crypto) or growth fueled by tech/software companies (and AI by extension) eating the world can outpace Central Banks.