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"In Sydney, houses are so expensive my whole generation will be practically forced to rent for life" Something i've been thinking about for a while. Gen Z and
by swalsh 4y ago
"In Sydney, houses are so expensive my whole generation will be practically forced to rent for life"
Something i've been thinking about for a while. Gen Z and Millenials are not having children at replenishment. The older folks are living a lot longer, so our population is still going up today, but the 30 year olds who will have children are alive today, we can count them. There's less of them. As older generations start to dwindle, and are forced to move to long term care situations (which to be fair, I think a lot of boomers will resist as hard as possible), the housing supply crunch will probably go down. The real drain on society will be a raising retired population, and a dwindling working population. The older generations outnumbering the younger isn't going to help the younger generations politically either.
- themoonisachees 4y agoThankfully, lower working-class population means more bargaining power for them, as labour is rarer. But yeah the fact that by 70 years-old most people are considered unfit for work yet the median age of congress is higher than 60 says a lot