Robert Reich debunks the myth that millennials and generation Z are lazy, and breaks down why young people aren't doing as well as their parents.

Despite making up the largest portion of the workforce, millennials own less than 5% of all US wealth. In 1989, when baby boomers were the same age, they controlled 21% of the nation's wealth.

When young people say the economy is rigged against them, this is what they mean.