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You mean older people have more property, and young people have less? That's sorta how it goes.
I hope you provide yourself the same derision when you're older.
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Wow. Structural issues doesn't mean old people have houses and younger people don't.
It means there are systemic issues that make it harder for young people to get ahead than it was for the previous generation. The cost of education, the cost of living, etc have all skyrocketed while wages have remained the same.
And yes, I understand what inflation is. If you control for inflation these costs have still skyrocketed while wages have not.
I'm a millennial and I'm lucky to be fairly well off. I have a good career, as does my wife, and we're certainly not in the 47% this thread is about. Hell, I just got back from taking a year off from working to travel around the world and have come back fairly comfortably with savings and into a new career. I'm privileged. But I also recognize there are a lot of younger people that don't have it as good as I do and that are really struggling to make ends meet and get ahead.
It's a very different world than the Boomers grew up in and while yes, there are people that are irresponsible with their money, I don't think it's a stretch to say that a portion of the 47% that are drowning in debt is because of the increasing cost of living and challenges for young people.