collapse of the old society

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Young Adulthood Is No Longer One of Life’s Happiest Times (www.scientificamerican.com)

submitted 2 years ago by Midnight@slrpnk.net to c/collapse@slrpnk.net

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[–] poVoq@slrpnk.net 0 points 2 years ago* (last edited 2 years ago) (1 children)

Young adults didn't have much assets in the past either. I suspect a strong factor here is rather that due to high rents for apartments in population centers, young adults are forced to stay with their parents which can be quite miserable at that age.

[–] mrpants@midwest.social 0 points 2 years ago

People earn more as they age there's no doubting that. However young adults now own less assets overall than their parents or grandparents did at their age. It continues that way for every age cohort too.

The baby boomer generation owns and has owned more wealth than any other generation in US history even when accounting for age.