Claim: "Ninety percent of people born in the 1940s ended up doing better financially than their parents. But those born in the 1980s, the much-maligned Millennials, have only a 50-50 chance of doing better  than their parents, despite being the best-educated generation in our history."
Fact-check: Do Millennials have 50-50 chance doing better than parents?
Verdict: true
Organisation: PolitiFact
Author: Chris Nichols
Date published: 2017-10-27T00:00:00