Has Intergenerational Progress Stalled?

Evidence of regression from IPUMS

I was somewhat surprised to see Eric Levitz arguing that “Generation Z is doing unusually well economically.” An empirical grounding for his argument was provided by a Fed paper from last year. The authors note in the abstract that

At age 36–40, Millennials had a real median household income that was 18 percent higher than that of the previous generation…