Politifact: True

Our ruling

Delaine Eastin recently claimed millennials "have only a 50-50 chance" of doing better financially than their parents, while those born in the 1940s had a 90 percent chance of doing better than their parents.

Her claim is supported by a 2016 Stanford study, "The Fading American Dream: Trends in Absolute Income Mobility since 1940."

We rate her claim True.