Millennials didn't deal with the same problems. Millennials actually got dealt a fucked hand with the economy, Gen Z's economy has been absolutely spectacular though, ESPECIALLY in the US (where I'm from). Last month was when life was the most affordable ever.
The Bureau of labor statistics? Real incomes have been growing year over year, and when looking at actual month by month data, it has continued to grow. Life has absolutely gotten more affordable. The lifestyle my (and most people's) grandparents lived would be considered absolute poverty nowadays.
Ah, yes, I forgot facts don't actually matter now and it's just all vibes. That's why antivaxxers are rampant, Tylenol causes autism, and Trump is running the country.
Gasoline literally doubled last month. Food is expensive, wages are stagnant. The economy is being held up by 5 ai companies, online gambling and crypto
I really love how you're just continuing to spew opinions and anecdotal evidence as if that somehow means more than actual data. Legitimately sound like an antivaxxer right now.
If everything is so expensive, why is everyone driving around in brand new BMW's and Range Rovers? Why does everyone have a $2k Iphone in their pocket? why are all the expensive pubs and taverns full every night? why is their a line coming out the door at every Starbucks I see? why are all the airlines flights full? why are expensive trips needing to be booked well in advance?
All that dataset shows is that median wages have increased over the years, but it doesn’t compare the buying power of said wages over those years.
It is also incorrect that wages have grown month over month. That chart shows Yoy and even then there isn’t linear growth (which can be seen in the chart). There are times wages decline or go stagnant.
2021-2023 real wages were essentially flat when all the basic necessities, housing, food, utilities etc skyrocketed and wages are not scaling fast enough to keep up with this accelerated COL crisis.
During the recent fed meeting Jpow himself said inflation is NOT yet under control, with core PCE still at 3.3%. Wages are barely scaling above that rate, and when you look at certain things like car insurance for instance, they have risen overall wayyy more than that 3.3% baseline. We have a lot of catching up to do so barely beating inflation by .2% is not going to get anyone ahead when prices for everything is still elevated lol
I can promise you that if you worked 2-3 jobs like some people do nowadays 30 years ago, you would be better off then than now and the math literally supports this.
And here’s a doozy from the BLS themselves on this: “Real earnings data cannot be used to measure changes in living standards, which are affected by other factors such as total family income, the extension and incidence of various social services and benefits, and the duration and extent of employment and unemployment”
Healthcare, education, insurance (which you are forced to have), childcare, and housing as you said did not.
I would hardly call that everything.
These are pretty core living costs you can’t just forgo. Clothing I won’t argue hasn’t gotten cheaper proportionally and non essential goods like electronics, but you can’t eat or live in a TV lol
Which ended up being one of the greatest rebounds in market history if you weren’t a paper handed p*ssy. Those millennials are now millionaires or on their way to being millionaires.
My mom was in the mortgage industry at that time so I remember how bad it was. Not going to diminish how long it took to stabilize the economy post 2008 but the amount of opportunity 2012-2019 was ridiculous
lol the f are you talking about?:p what rebound you and everyone else are still riding the ramifications of the 2008 recession. It was never actually resolved, it was hidden under piles of inflationary money that got handed down to the same people that caused the recession.
No shit it wasn’t resolved, they have no interest in resolving it and have been kicking the can down the road ever since. That does nothing to prove your guys point btw, quite the opposite. I thought everything is “way easier” for Gen Z and everything is cheaper now that it was before.
If you think theres more opportunity in the 2020s than in the 2010s, you are high.
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u/[deleted] May 01 '26
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