Is the average per capita really as useful as looking at the median per capita between generations? Also, millennials above the mean likely live in areas with higher housing prices.
Furthermore it is really hard to adjust for inflation over long period of times (especially when productivity has increased as much as it has in the last one hundred years).
EDIT: It looks like the same author of the above post also wrote about the median trend in the following post. However it looks like the original with the data this post is based on doesn't exist anymore...
Furthermore it is really hard to adjust for inflation over long period of times (especially when productivity has increased as much as it has in the last one hundred years).
EDIT: It looks like the same author of the above post also wrote about the median trend in the following post. However it looks like the original with the data this post is based on doesn't exist anymore...
https://economistwritingeveryday.com/2020/09/30/ok-millennia....