May 13, 2025
Personal Finance ‘We’re living in two separate economies.’ Why young Americans feel stuck, financially
While on paper, GenX and Millennial generations’ net worth has been growing, the costs of housing, medical care, and insurance are rising faster. Older generations blame younger generations for not reaching the same financial milestones that they did, but the problem is structural, not behavioral. Joanne Hsu told CNBC, “It’s a lot harder for young people today to save up for markers of the American Dream than it was for previous generations.”