Gen Z have 86% less purchasing power compared to baby boomers in their twenties
One of the items this article doesn't cover is healthcare spending, which has increased between 2 and 8 times since 1980 (depending on whether you're looking at individual spending or share of GDP). Here's a decent collection of charts: https://www.healthsystemtracker.org/chart-collection/u-s-spe...It has been shocking to me to see how cheap and effective healthcare can be in other countries, from an emergency visit to the hospital (in the US: I got a $50k bill for one emergency surgery) to an eye test and new pair of glasses (US costs running $500-$1000, although startups have chipped away at this). In the US, healthcare is effectively a collection of cartels -- an enormous parasite that will be nearly impossible to rip off our soft underbelly.