The recent protests by college students over issues like Gaza may seem unrelated to their universities, but it actually reflects a broader generational struggle and trauma. Many believe that Generation Z has faced unique challenges growing up in a difficult time, often citing the negative effects of capitalism on their lives. However, evidence from sources like the Economist suggests that Gen Z is actually wealthier than previous generations, with higher household incomes and more disposable income.
Contrary to popular belief, young people today are not as financially burdened as they claim to be. In fact, they spend a smaller percentage of their income on housing and education compared to previous generations. Research comparing wealth across generations supports the idea that Gen Z is financially better off.
While it is true that young people today face unique challenges, such as lower rates of forming relationships and higher levels of depression, the root cause of their struggles may not be solely attributed to capitalism. Issues like a lack of meaning and belonging contribute to their dissatisfaction and search for solutions in the wrong places.
Overall, the narrative of impoverishment among Gen Z may be misleading, as they actually have more financial resources than previous generations. The real issues facing this generation may be more nuanced and complex than a simple lack of economic stability.
