This is ridiculous. If you look at the totality of the situation, the average person is living an easier more comfortable life than the top 1% 120 years ago.
What, before electricity? How about comparing middle class american with a middle class american from 30 years ago. That's where you see some stratification.
That's essentially what I meant. Millenials are first generation to be effected economically worse than their parents. However, they got the most from their parents in terms of a "nice" upbringing (eg. spoiled). And, they can't afford to spoil kids of their own and it's manifesting as not having kids at all
Millennials are way worse off than previous generations by many metrics, that's why so many of them are angry. The tipping point already happened.