Income isn't the only measure of wealth. Also, there are two major expenses affecting Gen Z:
1. Education
2. Housing
Both have been increasing at a rate faster than inflation for some time now. While Gen Z may have a greater income, their major expenses are even greater. When all is said and done, they're poorer as a result. Turns out that simply having money is insufficient to solving all financial problems.
Great point - the cost of childcare is insane right now! But at least the states using the force of law to make women carry their embryos to term will be paying for it, right? Right?
Right now, the ideal political-economic platform will de-emphasize inflation, inequality, etc. all in favor of the five horsemen: housing, education, childcare, eldercare, healthcare.
It doesn't matter how cheap iPads and gasoline are - as long as the five persist, life is an anxiety-inducing gauntlet of financial trials-by-fire for most people.
1. Education
2. Housing
Both have been increasing at a rate faster than inflation for some time now. While Gen Z may have a greater income, their major expenses are even greater. When all is said and done, they're poorer as a result. Turns out that simply having money is insufficient to solving all financial problems.