Who is the Wealthiest Generation?

A variant of this chart often goes viral on Twitter, however upon adjusting for wealth per capita, we get this chart from Jeremy Horpedahl.
While popular notion might be that younger generations don't earn enough, don't know the value of money much and splurge, this chart suggest otherwise.

Gen X(1965-1977) is now 30% richer than Boomers(1946-1964) were at the same age (late 40s) and Millennials(1983-1996) are tracking Gen X almost exactly and therefore would exceed Boomers as well when they are in their late 40s (~ year 2037). Not only just this, contrary to popular imagination it won't be surprising if Millennials when they are in their 40s will surpass GenX in wealth.Additionally, it won't be surprising if Gen Z(1997-2012) surpass Millennials.

What do you think could be the reasons for this?

Best of the Web 132

Articles:
1) The Internet Country - Aaryaman Vir and Rahul Sanghi. Read here
2) How not to say the Wrong Thing. Read here
3) The Babe Ruth Effect in Venture Capital - Fred Wilson. Read here
4) Crypto's latest trend is to play games before they're even built. Read here
5) Why Love Generative Art. Read here

Rewind (Best of newsletter #95)
1) Charlie Munger: Life and Career a 10 Part Series by Valuewalk. Read here
2) What's the most difficult CEO skill? by Ben Horowitz. Read here
3) Amazon's PR Genius by Benedict Evans. Read here
4) You don't have a Marketing/Growth problem yet. Read here

Twitter Thread of the Week:
Why is “Buy Now, Pay Later” (BNPL) an early threat to trillions of dollars of market cap - Alex Rampell. Read here

Video/Podcast of the Week:
Joe Rogan and Firas Zahabi Debate Scientific Truth. Watch here

Book of the Week:
After the internet, what came next? - Metaverse. Published in 1992, Snow Crash by Neal Stephenson is riveting Sci-fi read. Find here

Links to Previous Newsletters
1. Best of the Web 13 1
2. Best of the Web 1 3 0

Feel free to forward this newsletter to anyone who might appreciate it. If you're getting this email from a friend, you can subscribe here.

Forward