According to the central bank, those born between 1981 and 1996, better known as Millennials, control only 4.6% of the wealth in the country even though they make up the majority of the workforce, with around 72 million people.
While it is not unusual for younger people to accumulate
Sort of an extension of the constantly growing period of adolescence. Boomers don’t think Gen X and Millennials will do it right, so they hold onto power.
This is my operating theory as well. That coupled with decades of media convincing them that “the kids” are lazy, unreliable, and taken with strange ideas leads them to believe that they cannot responsibly turn the nation over to us.