Too many people, have to print more money... causing shrinking currency values...
So the same amount of money buy you less stuff..
Banks/financial system are one of the main culprits.
For the US, the constant need to go to war and fund their military for occupation is another reason.

One of my relatives complained that her salary as a senior bank manager pales in comparison to the salary of a newly promoted bank manager today.

Another relative complained that his salary as a sole practitioner lawyer pales in comparison to the salary of many sole practitioner lawyers today.

Many of my friends came from poor to lower-middle income families. Today, several of them have, at the ages of 37 to 39, already made their first million. One or two on their way to their third or fourth million.

Millennials have access to better education, better healthcare, better technology, better transportation, a globalized world, etc. Compared to the "boomers".

I cannot brain some of these things sometimes.....

study loan is the main cause...even got documentary in utube aready highlight this
2nd is spend habit aka buy WANT item

Because they are trapped by the idea of go to college and once graduate can become rich. Total bullshit.

Do you guys know boomer's health is failing?
Do you guys know large % of boomer still have not move forward into modern age, stuck in the 1990s mindset. Too dumb in the modern society standard?

Base on this two you can easilly make a lot of money from them. Instead of start whining or start making money off the society the old school way. How about start making money at the boomer's expense?

No one would buy a car without licence. And no one would ask a female kolik to drive the new car unless 

well, baby boomer also got ppl buy taiko tai(1st gen handphone), 1st gen mac or pc which easily cost few times their gross monthly salary then. but didn't see that stopping the "generalization" that baby boomer are the richest generation.

yup, you are correct, yet they(the early adopters, baby boomers) are still the richest generations.

Why need extra 10th floors?

Middle class is disappearing and those who continue to play the blame game will just be left behind and drop to lower class.

Step up, work hard and smart, sink or swim.

This is jz america lah

IMO in msia... pretty much most millenial is doing better than baby boomer
This is due to our developing country status... most of the baby boomers have limited high tech job during the time compared to now.