The State of Millennials and Gen Z in Today’s Economy
For years, Millennials and Gen Z have been told that if they work hard and obtain a higher education, they can achieve the American Dream. However, the reality is far from that promise. These younger generations are struggling to access home ownership, start families, and are burdened by crippling debt. The cost of living has skyrocketed over the last few decades, leaving many wondering why the birthrate is declining and why younger generations are hesitant to start families.
The video above paints a bleak picture of the economic challenges facing Millennials and Gen Z. While some may believe that cryptocurrency is the solution, the real change will come when the younger generations rise up and demand a better future. In the past, a single income could support a family comfortably, but now, dual incomes are often necessary just to make ends meet.
In 1985, the average home price in America was $82,800. By 2019, that price had soared to $313,000 for Millennials turning 30, and Gen Z is facing even higher prices, with homes averaging over $400,000. When paired with the rising cost of tuition, inflation, and the need for dual incomes, the American Dream seems increasingly out of reach for today’s youth.
The future looks uncertain as well, with projections showing a sharp change in sentiments and a major turning point in 2025. Civil unrest and potential war could escalate leading up to the next election, with the possibility of the last election being held in the US. By 2032, the USA as we know it may not exist, with the country potentially breaking into three regions.
While the future may seem bleak, it is important to remember that change is inevitable. The current system may be collapsing, but that paves the way for revolution and a new future. The dollar may no longer be the reserve currency, and the world may look very different by 2032. It’s a time of uncertainty, but also a time of opportunity for the younger generations to shape a better future for themselves.
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