Quote:
Originally Posted by Flash Walken
This is a simple discussion.
Look at average wages, look at average cost of living, look at inflation growth, look at average personally held debt.
compare numbers.
Anything else is just a distraction. Price of homes has vastly outpaced the growth in incomes. The cost of living has outpaced purchasing power. Real wage growth has increased less than inflation.
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And to add to this. It's gotten to the point where young people are now far more financially dependent on their parents. So you'd better have rich parents if you want to succeed. We've destroyed social mobility.
Back to the issue of young people spending money on fancy organic foods, at least that is an expense that is likely to improve one's health and decrease future medical expenses, as opposed to the previous generation that smoked a pack of cigarettes every day.