The goal posts have finally gotten high enough that most folks starting out likely won't make past the starting position.. And when things look that bleak, the only winning move is to not play the game. It's shocking that the ones who write these articles are so out of touch with the world as it is now for those just entering adulthood with little to nothing given to the appears.
I'm completely unable to purchase property with a mortgage, and it's not a lack of supply, it's a lack of owners willing to deal with mortgage holder as opposed to someone who just has cash. I've increased my offers to 30% over asking, higher down-payments, waiving inspections.. I doesn't matter.
Oh yeah, I remember those halcyon days when we didn't have global uncertainty.
I accept that gen z may be struggling more than those before them. But breathless articles like this make it seem like it was all unicorn farts and rainbows in the past.
A recent study by Fidelity Investments found that 45% of people aged 18 to 35 “don’t see a point in saving until things return to normal.” In that same age group, 55% said they put retirement planning on hold during the pandemic.
Who are all these 18-35 people who have retirement plans? Where did they poll these people from?