Why people below 30 are living the roommates + Tinder life instead of getting married, buying a house, and having kids. It's not a lifestyle choice...https://twitter.com/JordanUhl/status/1203745713341042688 …
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The takeaway here isn't "oh the poor millennials", it's "lack of generational economic redistribution leads to very low birthrates in rich countries, which when not compensated by immigration leads to demographic decline". Like in Japan...
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Japan has a birthrate of 1.44 (far below replacement rate of 2.1), is becoming an elderly nation, and may eventually die off. It's an entirely fixable political problem. Young people in every rich country do in fact want a house, financial stability, & kids. Just can't afford it.
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How do we fix it? Free childcare, free education up to college, some free college options, *build more housing*, stop treating housing as an investment vehicle for boomers, tax breaks for having kids
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Sounds expensive? Just like for fighting climate change, it's entirely affordable for rich countries. It's just a matter of prioritizing long-term collective survival instead of the short-term comfort of the ruling generation
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End of conversation
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(Although Japan no longer has a major housing affordability problem, I believe)
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Tokyo is somewhat affordable compared to some other big cities in the West, but young people are still utterly broke compared to their elders at the same age
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Not only in rich countries but in almost all countries young people want a stable life.
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They should adopt babies from Africa and India.
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This article draw my attention to new explanations to the wealth disparity between generationshttps://www.theguardian.com/society/2018/apr/29/millennials-struggling-is-it-fault-of-baby-boomers-intergenerational-fairness …
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Japan is better than South Korea. South Korea has a birthrate of 0.96, lowest in the world, and has a highest robot density.pic.twitter.com/jSVdDD6cm1
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Pump the breaks on the kids thing
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