When I graduated high school way back in the mists of time in 1994, the price of entry to a middle class life was $30,000 or so. That’d pay for cheap room and board, four years of college at a state school, and provide a little spending money. Now, that cost of entry is closer to $100,000, and far more in many areas. That’s in constant dollars, by the way.
It’s no mystery why millennials and Gen Z are struggling. The vig for having an ok life has gone way, way up.