I don't really know the stats, but I'm curious if this is true. Yes, GDP has been going up for a long time in many countries, and so the "average wealth" of each generation is going up.
However, is the same true for purchasing power?
Sometimes you hear about these mythical stories of janitors who could afford to actually buy a house, despite having two children and their partners being stay-at-home moms.
And yet today, I hear so many stories about 30 year olds with masters degrees who are still living with their parents because they can't afford to rent a studio.
Like I said, and I can't find good stats on this online. If you have any stats on which you based your comment, I'd love to see them!
However, is the same true for purchasing power?
Sometimes you hear about these mythical stories of janitors who could afford to actually buy a house, despite having two children and their partners being stay-at-home moms.
And yet today, I hear so many stories about 30 year olds with masters degrees who are still living with their parents because they can't afford to rent a studio.
Like I said, and I can't find good stats on this online. If you have any stats on which you based your comment, I'd love to see them!