What is different about us as individuals compared to previous generations is minor. What is different about the world around us is profound, in U.S Salaries have stagnated and entire sectors have cratered. At the same time, the cost of every prerequisite of a secure career is not existent. employers insist that they can't find qualified candidates to fill these positions, while U.S salaries continue to plummet.
education, housing and health care—has inflated into the stratosphere. From job security to the social safety net, all the structures that insulate us from ruin are eroding. And the opportunities leading to a middle-class life—the ones that boomers lucked into—are being lifted out of our reach. Add it al, up and it’s no surprise that we’re the first generation in modern history to end up poorer than our parent
It’s tempting to look at the recession as the cause of all this, the Great F---ening from which we are still waiting to recover. But what we are living through now, and what the recession merely accelerated, is a historic convergence of economic maladies, many of them decades in the making. Decision by decision, the economy has turned into a young people-screwing machine, And unless something changes, our calamity is going to become America’s.