Is the current economy working for people under 35?

The headline unemployment rate is low. The stock market is up. Corporate profits are near record levels. By standard macro indicators, the economy looks strong. But for adults under 35, the lived experience diverges sharply. Home ownership rates for 25-34 year olds have fallen from 46% in 2000 to 37% today. Rent-to-income ratios in major metros make independence difficult without dual incomes. Student debt limits the ability to take entrepreneurial risk. Healthcare is tied to employment in a way that makes job-switching costly. Meanwhile, the Boomer generation holds 52% of all household wealth. Inheritance expectations are shifting. The labor market is strong, but wealth concentration means asset appreciation (real estate, equities) disproportionately benefits those who bought earlier. Is this a structural problem or a temporary cohort effect? Is young adult economic distress a policy failure, a market outcome, or simply the result of being born at the wrong time? And what — if anything — should be done about it?