So a 25 year old, today, doing the same job as their 25 year old parent/grand parent in 1980 is worse off at the same point in their career. This doesn't bode well when people like my parents and grandparents were relatively easily and affordably able to acquire homes and actually start building wealth, while the current generation of young workers are unable to build wealth.
It's not about a comparison between the youth and the now older workforce (which would be a moronic comparison). It's about comparing the youth to what the older workforce had 40 years ago. Or even 30.
the previous generation did so much with so little. with current attitudes, i dont know how life would become better in the next hundred years. is the defeatism due to not ever having to 'truly' struggle? if people had given up after ww2(or after any of the world's catastrophes), where would we be now?
Not to detract from the point about student debt, which is absolutely on point, but isn't it expected than younger people would always hold less wealth and have lower salaries on average than older people who have been working for decades longer and have that much more work experience?