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

submitted 16 hours 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 32 points 15 hours 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 15 hours 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 15 hours 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 15 hours ago* (last edited 15 hours 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.

[–] Goretantath@lemm.ee 4 points 11 hours ago

Idk what theyre talking about, I'm a millenial and am STILL facing these problems..

[–] Sprocketfree@sh.itjust.works 9 points 13 hours ago

Maybe don't vote for Trump in your 20s... Everyone else? I'll buy a beer for ya if you have a good heart.

[–] CarbonatedPastaSauce@lemmy.world 2 points 11 hours 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.