• Steve@communick.newsEnglish
    20·
    2 years ago

    Number 1 has issues.

    Yes wage growth in 2023 was higher than inflation by a margin of 1.3%. That fails to take into account the 7% and 6.5% inflation of '21 and '22. So people are still way behind in recent years.

    Also, while by income rates, “Gen Z are now wealthier than any previous generation.” That doesn’t include the drastic increase in housing costs. So while they do have more money, more still have to live with their parents, and delay starting their own separate life, than previous generations. Even that extra money isn’t enough.