Have a look at figure A1... . Share of Generationâs Members Dependent on Their Parents or Spouseâs Parents: ages 20-24 Gen Z is much more dependent on their parents then all other generations!!
Even when adjusted for inflation house prices go up way more than inflation which means they still feel that owning a house is an alien concept to them
â@@maxklymenko Yes, it is adjusted for inflation. However, the rise in housing prices is disproportionate to inflation. Therefore, the percentage of salary that goes towards rent or mortgage is much higher for Generation Z than for previous generations.
But adjust cost of living . Wage timing . House price etc . Overally Gen Z has less Pay: Living ratio . Like Baby Boomer or old people could buy a house under 10 years of savings . But now Gen Z has like 20-30 years of savings but still have a small house . So They make more money but also spend more and are left with less savings (also Extra spending is more common now due to low financial intelligence, FOMO etc.)
While Gen Z may have a âbetter salary,â the buying power of that salary is significantly less than even working at McDonalds 20 years ago. Gen Z has is much worse off than any of the past generations.
Millennials who graduated college before 2010 might have something to say about that. I agree with you in regards to other generations though. Millennials who were unlucky enough to have experienced both 2008 and 2020 in their prime career development years have it the worst.
"The average Gen Z person earning 40k/y" is the most harrowing and miserable piece of information I could have ever been given, earning less than a quarter of that Genuinely where are these people finding work to actually earn money?
The data is probably skewed upwards a bit since the cost of living is so ridiculously high in states like California, the real stats in terms of purchasing power are probably closer to the depression era than any time in our parents lives.
It's also (I think as a Gen Z person) that when the question was asked I was thinking of them at the age they are now, not what they had at my age. At the age they are now, most people in older generations to myself have houses or jobs or families and definetely have more money than me. (I'm at the younger end of Gen Z being a week off 18 but I think my point still stands unless I've misunderstood, love your videos
No the 1950s were not better. Yes you had a house, but it was tiny and uncomfortable. Yes a father could support his kids on a single income, but life as a wife or woman was very shitty. The 1950s or 80s were not better, its egocentric bias and a wierd reflex of people proclaiming the old is better. It was not. Stop whining and start working smart.
ââ@@lucios_7266youre actually delusional. How do you expect a 20 year old right now to even think about buying a house when they cost 800k for a small one. It takes 2 people YEARS to even get close to being able to make a down payment on that, let alone buying a house on your own
@@lucios_7266 I think you misunderstood my misunderstanding lol I thought he was asking Gen Z to compare to how Boomers and Gen X etc. were doing in 2024, not how they were doing when they were our age in like the 50s, 60s, 70s, etc. I'm very aware how shitty the world used to be, I'm also very aware of how shitty it is now even though it is worlds better than it was. We have a long way to go. However comparing struggles doesn't really fix the problem, highlighting each others struggles and finding solutions does. Hope this comment helps clarify what I meant
@@Sanctus01 You think previous generations were buying decent houses when they are 20? Yeah, no, that wasn't happening, not unless you were buying from a family member or you got really REALLY lucky. Most people transitioned through apartments when they moved out of their parents' house, just like people do now. They usually didn't even think of buying a house until after they were married (i.e. had 2 incomes) and could save up enough money for a down payment, just like people are doing now. Yes, it was overall easier to buy a home pre-pandemic but you're way off on your timelines. I, personally, didn't buy my first home until I was in my 30's and it was a pretty small home.
yeah nah that one aint it my brother cant even afford to eat everyday and he works 40+ hour job even tho im in a better position than that ive seen tons of people seriously struggle
Bro wtf, 40k is crazy for someone who is 24 old, where do you live, dubai? I live in germany, here the cost of living is just 11% cheaper than the us. Still i would say 15-20k a year isn't bad for a 24year old living aloneđ
Iâm making more money because Iâm working harder jobs and getting in bigger debt doing so and I have to work harder jobs not because just income inflation as these are adjusted for inflation I believe but because house inflation utilities other random things maybe are inflating more than our economy is. There is a reason why the average young person canât dream of even living comfortably in an apartment while the generation before bought entire homes.
dude... they could buy a house for blueberries... the prise of sh*t compared to income is really not better at all!!!!! It's not just housing... it's everything!!! It's food, it's clothing, it's petrol... furniture and tools... it's EVERYTHING!
ââ@@TSMasterIt wasn't. Most gen z can't afford to buy a house, where as 60 years ago a house would cost like a years salary. Now it's like 10+ years of average salary.
Gen Z probably are better off financially then previous generations but previous generations could buy a house for cheap work and have their houses appreciate in value. Gen Z is at the mercy of landlords because thereâs no way any of us bar winning the lottery can put a payment down on a house and get a loan
Is this data accounting for inflation? The salary was lower in the past but relatively everything else was much cheaper. Boomers could buy their first house for just over $10k. Money doesnât go as far now.
The thing is we are in a recession after a 10 year period of growth that happened after the effects of the 2008 crash were finnaly removed. Now we have to wait another 3-6 years until a new growth period starts, but for now people feel poor, depression and suicide skyrocketed and society is quickly moving to.the extremes
I think our future is just not looking good. Weâll have to work longer than the older generations because the population is aging. There are serious economic uncertainties due to geopolitical tensions. Climate change and urbanization means that house prices where the jobs are at are skyrocketing. And thereâs an over saturation of jobs meaning new graduates have difficulty finding work. Iâm finishing my BBA degree with a specialization in finance now and most people in my class canât find a job. My university is one of the top 10 ranked business schools in the world so itâs not a problem of university reputation, itâs just that there isnât enough demand.
I mean you can say tht we live in a better world if you take into account our basic human needs. But other than that, life is stressful and not stable.
Nah, here Iâm a gen z farmer in rural Illinois, I am here to say not all gen z are rich or better off. Our income averages 8,000 to live off of after taxes. Lastly, we were far better off under Trump than Biden, with Trump we made a couple grand more, but with biden we make far less, pay more taxes, and the cost of fuel for a farm under him is unjust and costly.
I'm studying in school to get a job in tech and I've seen the current limits of AI and the scariest part of AI isn't what it can do now but it is actually how far AI has come in just a year. Think about how far AI came from last year to now and then imagine what AI will be like in another year from now.
Housing prices back in the boomer days were a bit over double the yearly average income, and a family could survive off of 20 dollars of groceries, now, housing prices are 10x the yearly average income, and the grocery cost for a family is 70+ dollars, whilst the yearly average income only doubled, so yes, we do make more money, but that money is worth so much less. Rent is higher than some peoples monthly salaries.
Now adjust for inflation there are countrys out there where gen Z is the best off none of these countrys are in NATO globaly speaking it would go Milenials Gen X Gen Z then Boomers but in the States the Boomers are the richest wich is a statistical anomaly here in Canada Boomers are the poorest because they screwd up the retirement then Gen Z Milenials and Gen X is the richest because we had our economic boom in the 90s vs in the States it was during the 70s and 80s in the UK it would also be the Boomers however in Australia its Gen X in Japan Milenials with Vietnam being Gen Z depends on where you live
Its not just housing the cost of literally every good is outpacing wage growth. Our 40k per year is buying us less than millenials or boomers 30 or 20k so no we are bot better off financially. Thats like saying a dude who makes 50k a year but has 4 dependents and 100k in debt is better off than an 18 year old kid who makes 45k just because of that 5 k difference.
@@tdo916 Think of all the politicians⊠đđ Obviously itâs not completely accurate, but if you look at the people running countries around the world - itâs Humanities degrees.
@@ahmetadam-fe9vm itâs too focused and niche and other higher forms of engineering can do what they do so they Aerospace Engineering is not as good as you think
Yeah idk how this data is made/adjusted exactly but if you look at the age of first home buyers in each generatin I donât buy it that we are better off overall
Alright, now compare that to rent. To food. To cars. To house prices, wedding rings, travel, hospital bills, anything that you might need to spend money on at some point. My grandad bought his first house with a year's salary.
And on top of those 2 reasons, the job security goes to the bottom every year, and that economic prosperity isnt global, for example latin america is noticeably worse because arent highly developed countries were a big majority of work isnt industrial or technological
What may cause the disparity however is the CPI of stuff is greatly disproportionate even accounting for inflation. Gen Z may be making more but they also to pay more for rent, food, clothes, school, and entertainment than ever before
This also may or may not take into account projections of job opportunities going further beyond this age range. Yes at this age they be paid more but due to the stagnation of the job market in response to market forces people may not be able to build wealth beyond this point. This video means well but it sets a bad precedent for ignoring projection based analysis.
RightâŠ. So the next time you watch a film, admire a piece of art, go to a museum, or read a book, just remember that you implied these things arenât âpositive for humanity.â đ€Šââïž
@@ahmetadam-fe9vm okay, donât watch films then. literally no one is stopping you. donât read books then. donât look at any sort of art then. actually, donât even buy clothes. get rid of anything artistic.
First jobs out of university donât tend to be. Tbh. But one of the biggest differences that Iâve noticed in the job market, is that even jobs that were classified as âunskilled labourâ now have a plethora of job requirements and qualifications that employers do not want to teach to new employeesâŠ. These are still minimum wage jobs but they require qualifications so thatâs technically not âunskilled labourâ anymore.
Millennials have it worse though, theyâre pretty much in-between the two gens and have the worst of both worlds. Too young to actually participate in any of the housing or technology booms, went to uni after the fees all went up, and lived through a couple global recessionsâŠ. I was born in 95, Iâm not laughing right now. đą
Sooo They are better off, but prices skyrocketed Then they are NOT better off are they? Salary means nothing if you cant translate that into quality of life
Guys this is The Economist study that (obviously) has adjusted for inflation.
To bad western governments all around the world have drastically changed their inflation measuring methodologies, just as inflation started surging!
Have a look at figure A1...
. Share of Generationâs Members Dependent on Their Parents or Spouseâs Parents:
ages 20-24 Gen Z is much more dependent on their parents then all other generations!!
Even when adjusted for inflation house prices go up way more than inflation which means they still feel that owning a house is an alien concept to them
Is this inflation or is it inflation based on the RPI?
@@Hollows1997 my comments were removed for pointing out the lies
This should be based on purchasing power. Not just income. Inflation is a major factor!
Inflation adjusted data ofc
â@@maxklymenko Yes, it is adjusted for inflation. However, the rise in housing prices is disproportionate to inflation. Therefore, the percentage of salary that goes towards rent or mortgage is much higher for Generation Z than for previous generations.
Pretty sure that doesnt matter because my grandpa bought his house for a nickle and a piece of twine â@maxklymenko
â@@maxklymenkoinflation adjusted, but are you comparing their buying power?
â@@maxklymenkowhat about cost of living
Is that 40k adjusted for inflation?
Yep
@@Obeans74proof?
But adjust cost of living . Wage timing .
House price etc . Overally Gen Z has less Pay: Living ratio .
Like Baby Boomer or old people could buy a house under 10 years of savings . But now Gen Z has like 20-30 years of savings but still have a small house .
So They make more money but also spend more and are left with less savings (also Extra spending is more common now due to low financial intelligence, FOMO etc.)
@@Obeans74No it does not include housing prices or mortgage. Most likely cpi or rpi which is a idiotic way to measure inflation
â@w1lrand3. he mentioned in the replies of one of the comments that it's adjusted to inflation smart ass.
This is a very misleading âinterpretationâ of data
That man is NOT gen Z
25 years old is enough to start a family
I'm not surprised that he is at this point, some of these 25 year olds look like they're 70 year old retired men đ
While Gen Z may have a âbetter salary,â the buying power of that salary is significantly less than even working at McDonalds 20 years ago. Gen Z has is much worse off than any of the past generations.
Millennials who graduated college before 2010 might have something to say about that. I agree with you in regards to other generations though. Millennials who were unlucky enough to have experienced both 2008 and 2020 in their prime career development years have it the worst.
Median income is NOT a measure of life quality.
and also inflation, a new Oldsmobile in the 50âs was $750, which is equivalent to about $7,500. Thatâs a new (almost) luxury car for $7,500
"The average Gen Z person earning 40k/y" is the most harrowing and miserable piece of information I could have ever been given, earning less than a quarter of that
Genuinely where are these people finding work to actually earn money?
The data is probably skewed upwards a bit since the cost of living is so ridiculously high in states like California, the real stats in terms of purchasing power are probably closer to the depression era than any time in our parents lives.
Work more hours. You are not making 10k a month with 40 hours a week
In the us. Youâd have to be working very little to earn under 10k, far less than full time
âLaughs in Norwegianâ đ
Mann vi sliter her og ka mener duđ
@@xyliamoonlight2970sÄ sant
@@xyliamoonlight2970sliter? đ€
@@agneskumlin7006ja man det koster jwli mye, du fĂ„kke kjĂžpt bukse uten Ă„ bruke en liten formueđ
fiskepinner og potetstappe
Damn why is the incorrect finnace shorts so common now
Bro did NOT read the top comment đŁïž
@@ThatWorldWideWeb pfft
Are we really better off if we can't do the same things with our money
Salary and cost of living are going up simultaneously that plays a role
It's also (I think as a Gen Z person) that when the question was asked I was thinking of them at the age they are now, not what they had at my age. At the age they are now, most people in older generations to myself have houses or jobs or families and definetely have more money than me. (I'm at the younger end of Gen Z being a week off 18 but I think my point still stands unless I've misunderstood, love your videos
No the 1950s were not better. Yes you had a house, but it was tiny and uncomfortable. Yes a father could support his kids on a single income, but life as a wife or woman was very shitty. The 1950s or 80s were not better, its egocentric bias and a wierd reflex of people proclaiming the old is better. It was not. Stop whining and start working smart.
ââ@@lucios_7266youre actually delusional. How do you expect a 20 year old right now to even think about buying a house when they cost 800k for a small one. It takes 2 people YEARS to even get close to being able to make a down payment on that, let alone buying a house on your own
@@lucios_7266 I think you misunderstood my misunderstanding lol
I thought he was asking Gen Z to compare to how Boomers and Gen X etc. were doing in 2024, not how they were doing when they were our age in like the 50s, 60s, 70s, etc.
I'm very aware how shitty the world used to be, I'm also very aware of how shitty it is now even though it is worlds better than it was. We have a long way to go. However comparing struggles doesn't really fix the problem, highlighting each others struggles and finding solutions does.
Hope this comment helps clarify what I meant
@@Sanctus01
You think previous generations were buying decent houses when they are 20?
Yeah, no, that wasn't happening, not unless you were buying from a family member or you got really REALLY lucky.
Most people transitioned through apartments when they moved out of their parents' house, just like people do now. They usually didn't even think of buying a house until after they were married (i.e. had 2 incomes) and could save up enough money for a down payment, just like people are doing now.
Yes, it was overall easier to buy a home pre-pandemic but you're way off on your timelines.
I, personally, didn't buy my first home until I was in my 30's and it was a pretty small home.
Fuck I'm Gen Z and studying the humanities
Meaning u will have a more sought after skillset !!!
GG
Skill issue
We made fun of those studies so that people wouldnât want to study it & have to work at McDonaldsâŠ
Same bro
yeah nah that one aint it my brother cant even afford to eat everyday and he works 40+ hour job even tho im in a better position than that ive seen tons of people seriously struggle
bro just delete this video
40k a year is not a lot considering everything today is stupid expensive
Bro wtf, 40k is crazy for someone who is 24 old, where do you live, dubai? I live in germany, here the cost of living is just 11% cheaper than the us. Still i would say 15-20k a year isn't bad for a 24year old living aloneđ
Yes we earn a fair bit more, but our purchasing power is ridicously low, compared to our former generations.
*cries in millennial*
Iâm making more money because Iâm working harder jobs and getting in bigger debt doing so and I have to work harder jobs not because just income inflation as these are adjusted for inflation I believe but because house inflation utilities other random things maybe are inflating more than our economy is.
There is a reason why the average young person canât dream of even living comfortably in an apartment while the generation before bought entire homes.
Inflation
Even if they have more money, money is worth less due to inflation
the study is inflation adjusted
â@@cosmey449 It is, but it is not adjusted to cost of living
@@aboi6638 definitely true, just people confusing inflation with cost of living is annoying
this is just blatently wrong, you didnt account for the real wages and purchasing power. you should know this with your econ degree
dude... they could buy a house for blueberries... the prise of sh*t compared to income is really not better at all!!!!! It's not just housing... it's everything!!! It's food, it's clothing, it's petrol... furniture and tools... it's EVERYTHING!
Cool - now adjust it for inflation and costs of living...
It was.
Imagine thinking this doesn't adjust for inflation. You really think they just looked at income and went "oh yeah, bigger number". Fkn grow up
He didâŠ
Gotta love the mix of people who donât realize they had it easy 20-40 years ago and those who are seeing the truth about this video being bs
ââ@@TSMasterIt wasn't. Most gen z can't afford to buy a house, where as 60 years ago a house would cost like a years salary. Now it's like 10+ years of average salary.
Whats Ted nivison doing here?
Laughs in Norwegianđ
noooooorge
@@pomfrit2091noooorgeeee!
Gen Z probably are better off financially then previous generations but previous generations could buy a house for cheap work and have their houses appreciate in value. Gen Z is at the mercy of landlords because thereâs no way any of us bar winning the lottery can put a payment down on a house and get a loan
Is this data accounting for inflation? The salary was lower in the past but relatively everything else was much cheaper. Boomers could buy their first house for just over $10k. Money doesnât go as far now.
Yes he said it did
Me: Where money? đ°đŠ?
The thing is we are in a recession after a 10 year period of growth that happened after the effects of the 2008 crash were finnaly removed.
Now we have to wait another 3-6 years until a new growth period starts, but for now people feel poor, depression and suicide skyrocketed and society is quickly moving to.the extremes
blonde girls argument is valid tho if she a musician that explains why she isn t rich
Haha i live of goverment aid
Is that adjust to inflation?
Does this ring true in the UK too? You mentioned the data was from the US. To my knowledge our job markets are quite different.
can't believe more genz chose real fields rather than gender studies. im proud again.
I think our future is just not looking good. Weâll have to work longer than the older generations because the population is aging. There are serious economic uncertainties due to geopolitical tensions. Climate change and urbanization means that house prices where the jobs are at are skyrocketing. And thereâs an over saturation of jobs meaning new graduates have difficulty finding work.
Iâm finishing my BBA degree with a specialization in finance now and most people in my class canât find a job. My university is one of the top 10 ranked business schools in the world so itâs not a problem of university reputation, itâs just that there isnât enough demand.
Older generations also had to pay like half of what we gotta pay for anything so das prolly why we feel worse off
it is crazy how often these people forget to account for inflation
??? Obviously this study would be inflation adjusted
the diference is that millenian already got the car family and houseđ
And then thereâs me. Computer science degree before AI took over all the stepping stone jobs.
Inflation has never been this bad so the amount we make doesnt reflect the amount of things we can use the money for
I mean you can say tht we live in a better world if you take into account our basic human needs. But other than that, life is stressful and not stable.
So we make more but have to spend more, greatâŠ
Max is official an Ace Attorney fan.
Nah, here Iâm a gen z farmer in rural Illinois, I am here to say not all gen z are rich or better off. Our income averages 8,000 to live off of after taxes. Lastly, we were far better off under Trump than Biden, with Trump we made a couple grand more, but with biden we make far less, pay more taxes, and the cost of fuel for a farm under him is unjust and costly.
I'm studying in school to get a job in tech and I've seen the current limits of AI and the scariest part of AI isn't what it can do now but it is actually how far AI has come in just a year. Think about how far AI came from last year to now and then imagine what AI will be like in another year from now.
MY BROTHER WAS IN UR LIVERPOOL VIDEO
iâm 22, have no qualifications and i work at dominos. feel like a complete failure
Housing prices back in the boomer days were a bit over double the yearly average income, and a family could survive off of 20 dollars of groceries, now, housing prices are 10x the yearly average income, and the grocery cost for a family is 70+ dollars, whilst the yearly average income only doubled, so yes, we do make more money, but that money is worth so much less. Rent is higher than some peoples monthly salaries.
Funny that you showed carl marks as the economy symbol
If My generation can make 40k on average
Why am i having trouble getting a great Salary?!
Inflation moment
NORGEEEEEEE đłđŽđłđŽđłđŽđłđŽđłđŽđłđŽ
WHAT THE FUCK IS EXPENSIVE HEALTHCARE đłđŽđłđŽđłđŽđłđŽđłđŽđłđŽ
Iâm screwed, Iâm going into anthropology
Now adjust for inflation there are countrys out there where gen Z is the best off none of these countrys are in NATO globaly speaking it would go Milenials Gen X Gen Z then Boomers but in the States the Boomers are the richest wich is a statistical anomaly here in Canada Boomers are the poorest because they screwd up the retirement then Gen Z Milenials and Gen X is the richest because we had our economic boom in the 90s vs in the States it was during the 70s and 80s in the UK it would also be the Boomers however in Australia its Gen X in Japan Milenials with Vietnam being Gen Z depends on where you live
Im born 2012 im a gen z or smth diffferent
Youre gen alpha skibidi toilet ohio gyat sigma rizzler
Ok (its tottaly real that i didnt understand everything hehe?)
Zalpha, you *can* choose
land value tax would be gemmy ong
That man is not born in 1997 â ïž
Its not just housing the cost of literally every good is outpacing wage growth. Our 40k per year is buying us less than millenials or boomers 30 or 20k so no we are bot better off financially. Thats like saying a dude who makes 50k a year but has 4 dependents and 100k in debt is better off than an 18 year old kid who makes 45k just because of that 5 k difference.
We have it way worse
âIâm a musicianâ
This is why.
Ofc itâs great your chasing your dreams but you canât complain about pay when you do something like that
Bro did not watch the full video đ
I an going to college and I don't feel rich after seeing the feesđ
no way he put Sam Hyde
HE CAN'T KEEP GETTING AWAY WITH IT!
Aerospace engineering has a lower median salary than a history degree
That is not true lmfao
â@@tdo916 aerospace engineering is probably the hardest engineering major so they get paid very well
@@tdo916 Think of all the politicians⊠đđ
Obviously itâs not completely accurate, but if you look at the people running countries around the world - itâs Humanities degrees.
@@ahmetadam-fe9vm itâs too focused and niche and other higher forms of engineering can do what they do so they Aerospace Engineering is not as good as you think
That will smith ai clipđđđ
Yeah idk how this data is made/adjusted exactly but if you look at the age of first home buyers in each generatin I donât buy it that we are better off overall
Alright, now compare that to rent. To food. To cars. To house prices, wedding rings, travel, hospital bills, anything that you might need to spend money on at some point. My grandad bought his first house with a year's salary.
âI'm a musicianâ Oh so youâre unemployed
And on top of those 2 reasons, the job security goes to the bottom every year, and that economic prosperity isnt global, for example latin america is noticeably worse because arent highly developed countries were a big majority of work isnt industrial or technological
Yea the boomers bought a house for 200 quid
A black cab from the airport to home costs double than that now
Its all about inflation really
WTF! All that Gen Z look older than me!
Itâs called *stress*
Adjust for living cost not inflation
2:58 Its confirming your facts
What may cause the disparity however is the CPI of stuff is greatly disproportionate even accounting for inflation. Gen Z may be making more but they also to pay more for rent, food, clothes, school, and entertainment than ever before
This also may or may not take into account projections of job opportunities going further beyond this age range. Yes at this age they be paid more but due to the stagnation of the job market in response to market forces people may not be able to build wealth beyond this point. This video means well but it sets a bad precedent for ignoring projection based analysis.
Or maybe cause there are more jobs like influencers where earning becomes kinda easy
Only America...
It's because you could get a meal for a dollar back then where as you barely get one for ten dollars now.
Hmmm âother wars around the world, heyâ I wonder what youâre talking about? Very mysterious!!!
Good to see more people chosing real job like engineering that's positive for humanity
RightâŠ. So the next time you watch a film, admire a piece of art, go to a museum, or read a book, just remember that you implied these things arenât âpositive for humanity.â đ€Šââïž
@@Nikelaos_Khristianos do I need to tell you that you would need some engineer to invent it so you will watch a film
â @@ahmetadam-fe9vmdo i need to tell you that you need actors, filmmakers, editors, etc to make a film? or are those âfakeâ jobs? get real lmao
@@aubiiu6937 wtf do we need films?
@@ahmetadam-fe9vm okay, donât watch films then. literally no one is stopping you. donât read books then. donât look at any sort of art then. actually, donât even buy clothes. get rid of anything artistic.
So feeling rich is better
The guy with the glasses hes an imposter đđ he looks 58
Me in india where economics is humanities
That uncle is not Gen Z
And also because everyone calls gen z stupid... really impacts how they live
Thatâs because youâre young, impressionable and care far too much about what other people think.
I donât know about those people, but I actually am gen Z, Iâm 22, just got out of university and started my first job which is not that well paid
First jobs out of university donât tend to be. Tbh.
But one of the biggest differences that Iâve noticed in the job market, is that even jobs that were classified as âunskilled labourâ now have a plethora of job requirements and qualifications that employers do not want to teach to new employeesâŠ. These are still minimum wage jobs but they require qualifications so thatâs technically not âunskilled labourâ anymore.
Yeah, but inflation my guy.
Having 10x the paycheck isnât relevant when houses cost 500x as much đ
Millennials have it worse though, theyâre pretty much in-between the two gens and have the worst of both worlds.
Too young to actually participate in any of the housing or technology booms, went to uni after the fees all went up, and lived through a couple global recessionsâŠ. I was born in 95, Iâm not laughing right now. đą
Sooo
They are better off, but prices skyrocketed
Then they are NOT better off are they?
Salary means nothing if you cant translate that into quality of life
If you guys use this fun thing called eyes, you would notice that the chart he uses literally states that incomes are ADJUSTED FOR INFLATION.
Yes but cost of living, especially housing has risen WAY faster than inflation
@voornaamachternaam8559 Woah! Housing?! You mean the same housing he addressed as a factor in the video?
@@TSMaster it's given a quick mention sure but its one of the biggest factors for us feeling "poor"
Ok but how is that guy a gen z he looks 42, twice divorced single father with 2 daughters
The 2nd man is not a genzer
Iâm confused isnât criminal justice a part of humanities đ
âSocial Sciencesâ - though many Humanities students do go through law conversion courses, especially classicists.
Um the data is actually inaccurate cos it doesn't accommodate all the living expenses alongside inflation
What about climate anxiety
They look in their 30s
We were born to inherit the stars!
Cause there was nothing else to inherit
Jeg kommer fra Norge like vis du er fra norge
Itâs Gen alpha we need to worry about