
The Reason Interview With Nick Gillespie
Jeremy Horpedahl: Are Millennials and Gen Z Actually Worse Off Than Their Parents?
Sep 25, 2024
Jeremy Horpedahl, a libertarian economist from the University of Central Arkansas, challenges the prevailing narrative that Millennials and Gen Z are worse off than their parents. He shares compelling insights revealing that younger Americans are actually wealthier than Gen X and on par with Baby Boomers when adjusted for inflation. Horpedahl critiques the misconceptions propagated by politicians and media, discusses the role of zoning laws in housing costs, and evaluates economic policies that could shape the future for young generations.
01:12:36
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Quick takeaways
- Younger Americans, specifically Millennials and Gen Z, are actually achieving better economic outcomes than previous generations when adjusted for inflation and population growth.
- The narrative of despair surrounding younger generations is misleading, as many key indicators of health, wealth, and education have actually improved over time.
Deep dives
Economic Mobility of Younger Generations
Younger Americans, particularly Millennials and Gen Z, are actually performing better economically than previous generations like Gen X when adjusted for inflation and population growth. Contrary to popular belief, reports and statistics indicate that these younger generations are experiencing economic mobility rather than stagnation. As they begin reaching their prime working years, data shows their wealth and income levels are catching up to and even exceeding those of older generations. This suggests that the narrative of doom surrounding these cohorts may be overstated and not reflective of the true economic landscape.
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