New research from the Federal Reserve Board confirms that standards of living in the United States have been improving. Once again, it is poppycock to say they have been stagnant for decades.

Despite whining from millennials (born 1980-94) or those in Generation Z (born 1995-2012), and despite the politicized blather from the likes of Vermont Sen. Bernie Sanders and Massachusetts Sen. Elizabeth Warren, real economic hurdles are not higher now than for earlier generations.