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Millennials had it bad – but Gen Z’s outlook is impossibly bleak (www.telegraph.co.uk)

submitted 1 day ago by MicroWave@lemmy.world to c/economics@lemmy.world

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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.

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[–] Gingerlegs@lemmy.world 35 points 1 day ago (2 children)

I’m a millennial. I don’t know how gen Z will survive. Thank god the billionaires are fine though.

[–] tigeruppercut@lemmy.zip 13 points 1 day ago (1 children)

At least by the time they're to the age of current millennials more of the boomers will be gone, but with corpos buying up the real estate that millennials can't afford the situation probably won't be any better.

[–] Gingerlegs@lemmy.world 4 points 1 day ago

If only their were some sort of authority figure that could step in, on behalf of all of its people…

[–] TrojanRoomCoffeePot@lemmy.world 8 points 1 day ago* (last edited 1 day ago)

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.