https:\/\/reason.com\/2025\/10\/01\/young-people-are-richer-than-boomers-were<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"“Yes, homes cost more now, but census data show more Americans own their homes now than when I was a kid.
\nAnd today’s homes are much bigger and twice as likely to have central air, dishwashers, garbage disposals, etc.<\/p>\n
We want more now.<\/p>\n
Also, young people can afford more now.<\/p>\n
Today, Americans actually spend a smaller percentage of our money on food, clothing, and housing than we used to, according to Bureau of Labor Statistics survey data.<\/p>\n
“We have a lot more things and we don’t have to work as hard to get them,” says Michel. “Now it’s the norm to go out for dinner.”<\/p>\n
When I was young, few people did that.<\/p>\n
Few people flew places for vacation. They didn’t have the money, and flying cost much more. Adjusted for inflation, a cross-country flight cost $1,000. Now it’s about $300.<\/p>\n
“People did not just go on vacation,” says Michel, “did not fly all across the country.”<\/p>\n
…<\/p>\n
Gen Z, overall, is doing better than young people once did. A typical 25-year-old Gen Zer has annual household income that’s 50 percent above Baby Boomers’.”<\/p>\n
https:\/\/reason.com\/2025\/10\/01\/young-people-are-richer-than-boomers-were\/<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[1783,217,165,2203,1108,1277],"class_list":["post-19861","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-baby-boomers","tag-economics","tag-economy","tag-generation-z","tag-society","tag-wealth"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/19861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19861"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/19861\/revisions"}],"predecessor-version":[{"id":19862,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/19861\/revisions\/19862"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}