Hi all,
I’m seeing a lot of hate for capitalism here, and I’m wondering why that is and what the rationale behind it is. I’m pretty pro-capitalism myself, so I want to see the logic on the other side of the fence.
If this isn’t the right forum for a political/economic discussion-- I’m happy to take this somewhere else.
Cheers!
Delayed gratification is sorely missing these days in younger generation. You found a cheap place to rent whereas I know people who stayed with roommates, 4 in 2 bedroom apartments and bought shared properties and did what you’re saying while paying off their student loans.
I know a lot of young people these days that have to live in crowded share houses because there’s nothing else they can afford in the area where they work, and still 70%+ of their income goes towards rent and board.
Where I’m from, the cost of living has skyrocketed compared to when I was starting out, but the wages haven’t changed. I’ve benefited greatly from that due to capital gains, but it makes it a lot harder for Gen Z to achieve the same thing, even if they do scrimp and save. I can understand people being demoralised and living for today instead, as it seems impossible to improve your position by much.
Population has also exploded. Maybe not so much in US but Asia for sure.