As a fellow millennial, I have to agree that it’s becoming more and more difficult to attain what used to be known as the American Dream: Owning your own home. Much of our generation has simply given up any hope of reaching that goal; once thought to just be part of merely growing up. Inflation, …
Tag Archives: doomspending
‘We’re all doom-spending now’: Worker shares why younger people can still afford ‘nice things’ despite having no money
Wages in the United States have been largely stagnant since the 1970s, especially when compared with productivity. As a CNBC article from last year notes, “Between 1979 and 2020, workers’ wages grew by 17.5% while productivity grew over three times as fast at 61.8%.” This gap between earnings and productivity is felt especially hard by …