this post was submitted on 14 Oct 2024
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[โ€“] sp3tr4l@lemmy.zip 1 points 1 month ago* (last edited 1 month ago) (1 children)

It's like an adult kids meal, that feels really degrading IMO.

That is exactly what it is.

Look at any economic statistics and you'll find that both generations are basically in line with previous generations, except that home ownership is more delayed

Basically, I completely disagree, but as I am currently a millennial on SSDI who can't find anywhere to live that does not cost half my monthly income, I'm not really as interested in arguing the details as I am finding a decent living situation.

But I can't help myself, so here's something

https://www.pewresearch.org/social-trends/2019/02/14/millennial-life-how-young-adulthood-today-compares-with-prior-generations-2/

Notice how Millennials are the first generation for every level of education to earn less than the previous generation, and the least educated are doing about as bad as the Silent generation.

Colleges costs have exploded, as have housing costs, as have personal debt levels.

I'm a Millennial too, so I get it. My point was that if you only look at the people around you, you'll miss the forest for the trees. Millenials are doing worse in some metrics, but those same metrics seem to be reversing a bit for GenZ. The net impact seems to be that Millennials have a bit of late start. I blame a number of things:

  • 2008 happened right when older Millennials entered the workforce
  • pretty dramatic shift in types of jobs available after 2008, with tech jobs booming and manufacturing jobs essentially disappearing
  • huge emphasis on higher education, but not a lot of direction at what degrees to get (so lots of people got worthless degrees)

The problem seems to be resolving itself, but GenZ is still young so I guess we'll see where they end up in a few years. But it's hardly as bad as a lot of people here on Lemmy make it out to be (though obviously specific circumstances will vary).