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It's the FYIGM mindset; the advantages that previous generations had over later generations are now an aside, the next class divide is those who are inheriting
by fennecfoxy 4y ago
It's the FYIGM mindset; the advantages that previous generations had over later generations are now an aside, the next class divide is those who are inheriting something, and those who are not.
Without inheritance, for the average Millennial and Gen-Z, they will currently not be able to afford buying a house.
Also, don't bother trying to argue that buying a house isn't required; the system all previous generations has set up for retirement requires that you own a house. It's just now they cost $1M.
- zdbrandon 4y agoLooks like Gen Z is outpacing the previous two generations in home ownership. So this is likely a false prediction.
- fennecfoxy 4y agoI doubt that Gen Z are already purchasing homes without leaning on any inheritance at all.