Final answer:
Boomers are more financially stable than Millennials at age 50 due to having more savings and experiencing greater job stability throughout their lives.
Step-by-step explanation:
A detail that might be used to support the view that Boomers are likely more financially stable at age 50 than Millennials is the difference in savings and investment patterns observed between the generations. Baby Boomers, despite not saving adequately for retirement according to some surveys, have accumulated savings with estimates indicating an average of around $144,000, with 40 percent having saved more than $250,000. In contrast, Millennials face different economic challenges and have different lifestyle patterns, such as higher education costs and a significant number choosing to live outside of a traditional family unit at the age of 40.
Additionally, Boomers entered the labor market during a time when jobs were more stable compared to today, and middle-aged workers, such as Boomers, are more likely to keep steady jobs than younger workers. This job stability is an essential factor for financial stability, particularly leading up to the age of 50 where Boomers would have likely built a significant amount of wealth through continuous employment and peak earning years.