Those in their 60's & 70's make more money than those in their 20's & 30's.
Millennials have made relatively little economic progress over Gen X. They outnumber them, but their incomes have been stagnant, and they have a significantly higher rate of poverty than does any other generation. Boomers on the other hand, not only outnumber preceding generations, but also have recently made substantial gains in income. This has had and will continue to have a profound impact on the distribution of income among people of various ages. According to the US Cen