Final answer:
Affordable housing during their prime earning years and a history of a stable economy provided baby boomers with greater financial stability by the time they reached age 50, compared to millennials who face economic challenges, postponement of adulthood milestones, and are known as the 'Boomerang Generation'.
Step-by-step explanation:
To support the view that boomers are likely more financially stable at age 50 than millennials, one might consider d) Affordable housing as a relevant detail. Unlike millennials, baby boomers benefitted from more affordable housing during their prime earning years, allowing them to acquire assets and equity. This advantage, combined with a generation that enjoyed higher earnings and stronger employment rates, often resulted in greater financial stability for boomers as they reached their 50s.
Moreover, boomers had the opportunity to work for longer periods without the interruption of economic recessions that millennials have faced. The economic stability allowed many boomers to accumulate wealth, providing a buffer for retirement funds. However, despite these advantages, it is worth noting that many baby boomers did not save as much for retirement as retirement and investment experts suggest. Only 40 percent saved more than $250,000, indicating that while they may be more financially stable than millennials, the degree of that stability varies within the generation.
Millennials, on the other hand, have faced economic stalls causing many to postpone milestones associated with adulthood, such as purchasing a home or establishing long-term careers. This generation has been dubbed the 'Boomerang Generation' due to the trend of returning to live with parents after college due to insufficient employment opportunities. Meanwhile, the rising costs of education and housing have also impacted millennials' ability to save and invest at the same levels as previous generations.