Citation needed.
Okay, how about statcan.gc.ca which in 2019 reported:
“Canadian millennials had higher incomes and assets than young Gen-Xers at the same age. However, they were also more leveraged, as their debt to after-tax income levels surpassed 200%.”
https://www150.statcan.gc.ca/n1/pub/11-626-x/11-626-x2019006-eng.htm
Try looking at the source.