According to the central bank, those born between 1981 and 1996, better known as Millennials, control only 4.6% of the wealth in the country even though they make up the majority of the workforce, with around 72 million people.
While it is not unusual for younger people to accumulate
Fun fact related to that bottom number, the one where the amount of wealth we own has remained more or less constant for decades: the amount of wealth we create has tripled since 1960, per capita, constant dollars.
https://fred.stlouisfed.org/series/NYGDPPCAPKDUSA
The model is only working for the few. The last 15 years has seen a tipping point where people are struggling as bad as the poor in the Victorian era. the worst of it is that they do not even feel guilty about it. Some want to double down even more.