A lot of people in the wealthier countries are objectively worse off than their parents in ways that matter to them, and that's a relatively recent change.
Many young people are seeing older people, including their own parents, with homes, jobs and comparative stability, and don't see the same possibilities for themselves.
Even having more income, for the lucky ones that do, doesn't make up for that. Home prices have risen faster than wages. You can argue that numerous other metrics are in their favour, but that's not enough to make people feel optimistic.
A lot of people in the wealthier countries are objectively worse off than their parents in ways that matter to them, and that's a relatively recent change.
Many young people are seeing older people, including their own parents, with homes, jobs and comparative stability, and don't see the same possibilities for themselves.
Even having more income, for the lucky ones that do, doesn't make up for that. Home prices have risen faster than wages. You can argue that numerous other metrics are in their favour, but that's not enough to make people feel optimistic.