Wait, are millennials suddenly the wealthiest generation?

Almost certainly not. From the article:

> And folks living with their parents or roommates aren’t counted in this data, at least not the same way as those who have gone off on their own.

> Due to the difficulties of disentangling a family’s holdings, the Fed combines the wealth of “financially interdependent” household units and effectively assigns it the demographics of the head of household (or more accurately, what the Fed calls the “economically dominant single individual or couple” in the home’s “primary economic unit”).

> So, when we say millennials have record wealth for their age, we’re really saying millennials who have become financially independent are doing well for their age.

> If we could correct for this, millennials wouldn’t look so hot after all — financially, at least.