Your link is paywalled. But I’ve also heard this before and the main reason for this is that we’ve changed how inflation is measured, among other things. I don’t like replying with a half-hour video link but coldfusion’s “why is gen z so poor” Video gives a good overview, also using the article you linked as a source in the video.
Sure, but exclusively focusing on housing as an indicator for how rich a generation is gives a skewed perspective. Gen Z isn’t implicitly richer for owning a home, as they were able to use the low interest rates during covid which made mortgages less of a burden. They also have more opportunities to work from home, which allows them to buy cheaper houses in less desired areas.
However, just owning a home doesn’t mean you can actually get by.
It’s somewhat telling that despite all of those advantages, the average age at which people buy their first home is at a record high.