The inflation is also a part, but the biggest chunk of the pie is Social Security.
GenZ has rightfully picked up on the fact that old Americans steal from young Americans and Social Security is the vehicle, the “how”.
Most of the hatred GenZ has for Boomers can singly be placed on the shoulders of the Social Security program. Add in inflation as well as ideas such as this K-Shaped Economy and we’ve got a powder keg on our hands ready to explode. Oh and also GenZ is also indoctrinated in the government schools to generally hate the U.S. So they don’t want it anyways - they think it sucks and they think its racist. That is what they were all taught, hate America.
Social Security isn’t simply money that Boomers took from Gen Z. Older Americans generally paid Social Security taxes during their working years, and benefits are determined by a statutory formula based substantially on lifetime earnings and years of covered employment.
Calling that “stealing” changes an economic description into a moral accusation.
What you stated is. not a fact. It is a perception. I have paid into SS over 45 years at high levels. When I start to recieve some back it is not stealing.
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“GenZ has rightfully picked up on the fact that old Americans steal from young Americans and Social Security is the vehicle, the “how”.”
The school indoctrination has been going on for longer than Gen Z has been alive.
Kids knew way back in the 1980’s they were being taught a load of BS. So when they took exams they’d just regurgitate the BS to get a passing grade.
Much of the disillusionment you see is the lack of job prospects for young people.
The Ludwig Institute for Shared Economic Prosperity found that 24.9% of American workers are unemployed, working multiple part time jobs or are below the poverty line.
The government has over the years adopted policies and laws that throw the advantage wildly in favor of employers such that American born workers have virtually no bargaining power.