alt Hacker News"Yes. Millenials own property at the highest rate, age adjusted, in generations."
Age-adjusted?
So if you take out the fact that it took up more of the one resource that matters more than anything else to become property owners, then, yes, Millennials have more of it.
Which is kind of proving my point.
> Age-adjusted?...So if you take out the fact that it took up more of the one resource that matters more than anything else to become property owners
Ask before assuming.
Age adjusted means taking each generation when they were the same age, how wealthy were they? A Boomer today is wealthier than a Millenial because they've had more time to accumulate. But when a Boomer was Millenial-aged, she had on average less wealth than a Millenial today.