Pourquoi Les Jeunes Générations Sont Moins Bien Loties Que Leurs Parents

Sympa

Il se passe quelque chose d'étrange : les jeunes générations d'aujourd'hui ont moins d'argent que leurs parents au même âge. 💰📉 Les salaires n'ont pas suivi la flambée des prix de l'immobilier, la dette étudiante et l'inflation, rendant plus difficile l'accumulation de richesse. Pendant ce temps, les générations précédentes ont acheté des maisons pour une fraction des prix actuels et ont bénéficié d'emplois plus stables avec des pensions. 🏡💸 Maintenant, l'économie évolue, avec l'automatisation, le travail à la tâche et des marchés imprévisibles qui rendent la sécurité financière illusoire. 😰 Alors, est-ce juste de la malchance ou le système est-il truqué contre les jeunes ? Analysons et découvrons pourquoi accumuler de la richesse est plus difficile que jamais. 🔎  Animation créée par Sympa. ---------------------------------------------------------------------------------------- Musique par Epidemic Sound https://www.epidemicsound.com   Pour ne rien perdre de Sympa, abonnez-vous!: https://goo.gl/6E4Xna​ ---------------------------------------------------------------------------------------- Nos réseaux sociaux : Facebook: https://www.facebook.com/sympasympacom/ Instagram: https://www.instagram.com/sympa.officiel/  Stock de fichiers (photos, vidéos et autres): https://www.depositphotos.com https://www.shutterstock.com https://www.eastnews.ru ----------------------------------------------------------------------------------------  Si tu en veux encore plus, fais un tour ici:  http://sympa-sympa.com

Transcript

00:00Younger generations today have a lower purchasing power of about 86%

00:05than those of the baby boomers when they were in their twenties.

00:08All this because of the high prices of real estate, automobiles and education.

00:13Millennials and Generation Z are often accused of spending all their money on expensive breakfasts,

00:19but is this really the problem, or are they simply facing a much more difficult economy?

00:26See for yourself.

00:27In 2022, when the average millennial reaches 33 years old,

00:31the price of a typical house in the United States will be $43,000,

00:35while the average income of households will be only $700,000.

00:39With this income, they would have to spend everything for a little over 6 years to pay the total price of a house,

00:46which does not seem very realistic.

00:48And it's worse in the United Kingdom,

00:50where the cost of housing has been more than 9 times higher than the average income over the last decade.

00:55Baby boomers, born between 1946 and 1964, lived at a time when life was much more affordable.

01:03In 1988, when the average baby boomer was 33 years old,

01:07the average price of a house was $1,000,000, while the average income was $2,7000.

01:13This represents a 4-year house income gap, which is much more affordable.

01:19Some baby boomers could even repay their house in a year or two.

01:23So, what is the reason for all this?

01:26Unsurprisingly, while inflation has not ceased to increase,

01:29the price of houses has increased even faster.

01:32For example, a $1,000,000 house in 1990 would cost $3,777,000 today,

01:38far exceeding the cost of other goods and services.

01:41In addition, in the 1970s and 1980s,

01:45the American population was weaker and the demand for housing was lower.

01:50Baby boomers got married earlier, combining their income to invest in real estate.

01:56For their part, members of the Y and Z generations remain single for a long time

02:00and often choose to live with their parents to save money.

02:04School fees have more than doubled since the 1990s

02:08and student debt has reached a staggering $1,700 billion.

02:13The average salary of students at the end of their studies has tripled to $3,000.

02:18It is not surprising that young people have to make some important decisions,

02:22such as buying a house or starting a family.

02:25And even if more and more people get a university degree,

02:29salaries do not follow the increase in the cost of living.

02:32The starting salary of graduates often ranges between $5,000 and $6,000,

02:37which is barely enough to cover student loans,

02:40student loans, rent and other expenses.

02:43And that's not all.

02:44Car monthly payments have reached new heights.

02:48The average monthly payment is $716 per month

02:51and loans can last up to 69 months.

02:54High interest rates are still aggravating the situation,

02:57leaving many young people in debt from car loans and credit cards.

03:03Many people judge their success in life by observing their parents.

03:07If your parents had a solid financial situation,

03:10there is a good chance that you have one too.

03:13And for a long time, the goal of most families was simple,

03:16to do better than the previous generation.

03:18But this is becoming more and more difficult.

03:21In the 1940s, about 90% of people ended up making more money than their parents.

03:27If we go to people born in 1980, this figure fell to only 50%.

03:34In other words, half of today's people do not make more than their parents,

03:38which is a significant change compared to previous generations.

03:42It is therefore not surprising that many people do not seem to be financially ahead.

03:47A CNBC survey revealed that only 36.5% of adults

03:52say they are doing better than their parents.

03:55An even larger proportion, 42.8%, says they are less well off.

04:00The remaining 27.2% seem to be at about the same level.

04:04And here is the most surprising.

04:06Those who are in the age group, between 35 and 65, are the ones who suffer the most.

04:12This age group is in great difficulty compared to the previous generation at the same age.

04:17They are confronted with the flames of real estate prices,

04:20student loans and the increase in the cost of living.

04:24And the salaries do not follow.

04:26I can give you some other examples.

04:29Between 2005 and 2014, 97% of Italian households saw their income stagnate or decrease.

04:36And if we take into account taxes and benefits, this figure goes to 100%,

04:42which means that all households have been affected.

04:45The United States also experienced difficulties during this period,

04:49with more than 80% of households having no real growth in their income.

04:55Fortunately, thanks to tax cuts and other benefits,

04:58most families have still seen their income available.

05:02The money they can actually spend has increased.

05:05And yet, in some respects, younger generations are doing better than their parents.

05:10For example, in each new generation, people are more likely to go to university.

05:16Generation X has more higher education graduates than Baby Boomers,

05:21and Generation Y is the most educated generation to date.

05:24Nearly 40% of its members have at least one degree,

05:28against only 25% of Baby Boomers.

05:31A higher level of education generally means higher incomes,

05:35which could explain why the members of Generation Y

05:39on average had more wealth at the age of 33-34 than Generation X and Baby Boomers at the same age.

05:47The quality of life has also increased.

05:50Even if things are more expensive today, they are also better in many ways.

05:55Take cars, for example.

05:57The cheapest car today is much safer, more reliable,

06:01and has better features than the cheapest car from 20 years ago.

06:05Technology, health care, and daily necessities have also improved considerably,

06:11which makes life easier in many ways.

06:14Younger generations have more freedom and legal protection than their parents.

06:19Not so long ago, people had less rights in terms of wages, housing, and loans.

06:25Unfortunately, wage gaps and financial obstacles still exist,

06:30but some laws have allowed younger generations to more easily build a heritage,

06:35and also to access more advantageous jobs.

06:39It is interesting to note that parents still have good hopes for the financial future of their children,

06:44despite all the financial difficulties that people face today.

06:48Let's see.

06:49About 42% of adults think that the next generation will have a stronger financial future,

06:55although this figure falls to 40% for people aged 35 to 64, according to a CNBC survey.

07:02Parents, however, are even more optimistic.

07:0559% of them say that their children will be more financially comfortable,

07:09while only 1 in 5 think they will be less well off.

07:13So, maybe the heritage is the key.

07:16After all, many parents plan to give their children a financial boost.

07:21More than 75% of them declare that they will leave money by will.

07:25But no, the heritage is not the absolute priority when it comes to really helping children to succeed financially.

07:32Here is what, according to parents, can really make a difference.

07:3643% of them believe that the most important thing is to have a stable job.

07:4120% think that it is to have a fully paid education.

07:45And only 15% say that it is the heritage that matters most.

07:49In other words, if a little financial help never hurts,

07:53most parents believe that a good job and a solid education

07:57will be more useful for the future of their children than a heritage.

08:01Now let's go back to the seemingly innumerable financial challenges faced by young generations.

08:06There are actually a few measures you can take to improve your situation.

08:11First of all, try to spend your money in a smart way

08:15by keeping your rent or mortgage payments below 30% of your gross income.

08:20The same rule applies to car payments.

08:23Keep them below 10%.

08:26Start investing early and open a savings account.

08:29250 dollars per month invested for 40 years could reach nearly 1 million dollars

08:34thanks to compound interest.

08:37Then, changing jobs can lead to an increase in wages from 10% to 30%.

08:42And it's a great way to increase your income over time.

08:46Do your best to first reimburse high interest rates loans,

08:50such as credit card loans or car loans.

08:53This allows you to free up money to save or invest.

08:57And yet, the generational debate is far from being resolved.

09:00Who had the hardest life?

09:03The older generations often criticize the younger ones,

09:06saying that they don't work as hard or that they are too distracted by social media.

09:11But as we can see, the data paints a different picture.

09:15Millennials and Generation Z are not lazy.

09:18They simply try to navigate in a world that is financially unfavorable to them.

09:23And while it is true that society has progressed in many ways,

09:27the economic challenges that young generations have to face are unprecedented.

09:32So, what do you think?

09:34Are millennials and Generation Z really in a more difficult situation than baby boomers?

09:40Or is it simply because we spend too much time on our phones?

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