Millennials aren’t as bad off as you think, per the Economist.
The Economist gathered income data for millennials in 32 rich countries. In only three, Italy, Greece and Japan, are millennials worse off than earlier generations.
In the other 29, millennials earn more after inflation than past generations did.
People aren't just TIRED. They're grieving the lives they thought they'd be living by now while trying to survive a reality that keeps moving the finish line.
A 40-hour paycheck should mean:
- Fridge full without a calculator
- Rent paid without anxiety
- A sick day without debt
We don't want luxury.
We want normal to feel normal again.
Americans making $100,000 a year are shopping at Dollar General and Walmart to stretch their paychecks.
They're cutting back on vacations, delaying car purchases, and looking for discounts on everyday essentials.
These are households that would have been considered comfortably middle class not long ago.
Now they're watching every dollar.
The middle class is getting a very expensive lesson in how quickly a good salary can stop feeling like good money.
We CANNOT even afford hobbies. We CANNOT afford to go out with friends. We CANNOT afford to exist anywhere outside our homes. They then call it a mental health crisis. It's not. It's an affordability crisis.