I expected it to be about the assets they hold.
The Nasdaq increased more than 5 fold over the last 10 years and more than 10 fold over the last 20 years.
If parents of Gen Z gave their children $100k and taught them portfolio management, most of them could probably consider retiring without ever working for somebody else.
Good employment opportunities give you the power to build wealth and access high QoL perks like remote work and more free time to live life, that previous generations didn't have.
Try not having good employment and see, you're not thinking about assets or complaining about a 2h commute to the office but about paying for food and rent.
According to Google, the average baby boomer has $1.2M in assets.
If they had given 10% of that to their newborn and invested it in software companies, the child would already be as wealthy as the parent now. And could focus on asset allocation.
Instead of spending decades with other stuff to then finally come to learn about asset allocation.
It takes a bit to overcome:
https://economics.td.com/ca-labour-market-during-recession-c...
This chart:
https://fred.stlouisfed.org/series/USSTHPI
Seems to indicate house prices tripled since 2000?
10 years in the Nasdaq beats 20 years in the S&P 500.
The parents of Gen Z are mostly Gen X.