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An interesting metric would be to see how many children are better off than their parents. My parents did all they could to achieve this and they succeeded. But
by yoz-y 5y ago
An interesting metric would be to see how many children are better off than their parents. My parents did all they could to achieve this and they succeeded. But if you look at the current state of climate, housing and wage stagnation it somehow seems harder as a goal.
- s1artibartfast 5y agoI think it has more to do with a mismatch of expectations. Gen X and onwards were raised to beleive that that they can be anything they want and have whatever they want. If you look at the home ownership rate in the US, it is about the same but up over the 1960. Homes are also much bigger and nicer than they were. [1] https://en.wikipedia.org/wiki/Home-ownership_in_the_United_States https://en.wikipedia.org/wiki/Home-ownership_in_the_United_S...
- JKCalhoun 5y agoIt's not the current home ownership I am concerned with, it's home ownership in 20 years. I think the the current home owners road in on the tail of the boom.
- yoz-y 5y agoHome ownership is a factor but there are also things like: do the kids have a less stressful/dangerous/damaging to the body job. Are they able to save enough money to be able to not rely on retirement alone, and so on.