Summary
Millennials faced economic struggles, but Gen Z’s prospects are even worse. Rising rents, stagnant wages, and unrealistic social media expectations have left many feeling hopeless.
Despite setbacks, many millennials eventually secured homes and careers, albeit with debt and parental help. However, Gen Z faces an even harsher reality, with skyrocketing living costs and declining mental health.
Older generations dismiss their struggles as entitlement, but the gap between expectations and reality is wider than ever.
Without change, Gen Z’s financial future looks dire.
Agreed, the lack of the alcoholism that killed so many Boomers and Gen X in their youth won’t improve the 18-30 mortality rates of Gen Z & Alpha IMO (not drinking for whatever reason). I’m not encouraged by the already difficult conditions that hobbled or killed so many Gen Y, which haven’t improved and likely won’t by the time either of these latest cohorts are graduating en-masse. Fentanyl, and other synthetics are going to scythe through them as well if things don’t at least begin to change, but few with the influence to do anything are even acknowledging the problems.