The real reason young people are the poorest generation in 25 years

Social factors are mostly irrelevant, and kind of a response to economical factors.<p>At least in the west, previous generations lived beyond their means by increasing debt: public, private and &quot;stealth debt&quot; (social entitlements). It&#x27;s called &quot;borrowing from the future&quot; for a reason. And this future is is more and more a present. The whole previous generation thinks so good about themselves, while their success is based on a trick-crime: debt taken by government and financial institutions, and used for their benefit, while passing bill to the next generation. Savings, investments and entitlements of the previous generation needs to be paid by current generation, making life of young people harder.<p>This combined with the demographic issues, will erupt as social problems rather soon.

&quot;I went to a university [...] to no longer be poor, because I believed, as I was told by guidance counselors and the media and many adults and colleges themselves, that that was the only way to be not-poor.&quot;<p>Geez, who would have thought? You really have to be an expert to know that a degree in Art History&#x2F;Gender studies&#x2F;&lt;insert random liberal art topic&gt; won&#x27;t take you anywhere.<p>Here is the problem with this generation. They want to be told what to do, they want everything to be properly explained to them and nice PC terms they can understand. They don&#x27;t want to figure shit for themselves, don&#x27;t want to think and certainly not take any responsibility for their poor choices.