Was It Easier For Previous Generations To Build Wealth?
5/1/202638 min
TikTok says it's impossible for Gen Z to get ahead, but what does the data actually show? In this episode, we analyze income levels, inflation rates, housing prices, spending patterns, and more across two generations to answer the question: Was it easier to build wealth then or now? From median household income that's actually higher today (inflation-adjusted) to housing prices that have skyrocketed 50% post-pandemic and college costs that have increased exponentially, we break down the math to show you what's changed, what's stayed the same, and what it means for your financial future. Jump start your journey with our FREE financial resources Reach your goals faster with our products Take the relationship to the next level: become a client Subscribe on YouTube for early access and go beyond the podcast Connect with us on social media for more content Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. Learn more about your ad choices. Visit megaphone.fm/adchoices
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First 90 secondsSpeaker 00:00
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Brian Preston· Host0:59
Baby boomers, they had it so easy. At least that's what you hear on TikTok from people who seem to think it's impossible to build wealth today. But are they right?
Bo Hanson· Host1:09
And Brian, I am so excited because today we're gonna do a full breakdown of the data, including income, home prices, interest rates, inflation, and even college costs to see if we can get a more complete picture of just how today's generation fares when we compare them to the baby boomers, and more importantly, what it means for