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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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[–] CarbonatedPastaSauce@lemmy.world 2 points 1 day ago

Without a significant shift (evidence of which I have yet to see), it will continue to get worse for each successive generation until one of the generations has had enough and TAKES what they need from those that have it. And then we'll start over from scratch.

So they have a choice. Work to change the system, or let the system ride them hard enough that they break. Or their kids break. It's gonna be one of these next couple generations that the whole thing falls apart, and that's only if we aren't all shooting each other by the next time we're supposed to have an election.

I hope I'm wrong and people get pissed off early enough to change things in a more peaceful way.