GAO Looked at the Economic Status of Millennial Households

Here's what it found: 

Over the last 40 years, fewer Americans are making more than their parents did at the same age 

Predetermined factors like parental income, race, and geography play key roles in determining future earnings 

Millennials have significantly more student debt, lower levels of homeownership, and less net worth than previous generations 

Millennials are highly educated, but it’s not clear whether this will boost their income in the long run

I still think it's true that of us in the 70+ age bracket lived through America's best days.