Bettering yourself financially or at least giving your children the opportunity for a more prosperous future has driven people to emigrate to the United States for generations. But is the next generation still better off in this day and age?
The answer is yes, but not by that much.
At least, as Statista's Katharina Buchholz reports, this is the verdict given in a discussion paper published by the Federal Reserve Board of Washington D.C. in 2024.
It concludes that millennials' median household income at 36 to 40 years old was still 18 percent higher than that of Generation X at the same age.
A millennial born in 1982 would have turned 40 in 2022, the last year the study looked at.
You will find more infographics at Statista
Gen X achieved a similarly low increase of median household incomes over Baby Boomers at 16 percent.
This is in contrast to the post-war generation, which at age 36-40 earned 27 percent more than the Silent Generation.
For this generation growing up during World War II, the number still stood at 34 percent on average.
Taking as a ba
