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Millennials are the first generation to move left as they age
(www.abc.net.au)
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Exactly. Boomers had the privilege of owning a home, building up savings, got pensions, and got to retire early. Gen x got most of those privileges, except maybe pensions... now millenials are pouring all their savings just to own a home, with none left over for savings, and social security is unlikely to exist by "retirement". And gen alpha are going be entering adult hood with 50 year mortgages? Gee, wonder why the population is questioning the economic system.
I was just talking with my dad at Thanksgiving. He mentioned that a lot of young soldiers bought expensive cars when he just joined the army. I said that's definitely true. He said that he didn't.... he paid off his college.
So he put off buying a new car.... for 6 months. ๐