Baby boomers comprised a larger share of voters in 2024, accounting for 32%, but they are trending lower after hitting a peak of 36% in 2016.
Ocasio-Cortez, a millennial herself, expects the younger generation will soon tip the scales in American politics.
“Millennials are not punk kids anymore. We’re grown adults with mortgages and kids,” she said. “And we—that generation is starting to be decisive at the polls. And there is anger at being ignored, sidelined, having our economic futures mortgaged by the generations that came before us on everything from the economy to climate. And we’re taking the reins.”
From global warming to debt crisis to lack of affordable health insurance (all intentional), Boomers have definitely overstayed their welcome.
I live in one of Italy’s richest cities, gross wages for millennials may go from 24k€/y to 60k€/y for the luckiest ones. A normal 80m² apartment goes for about 200-400k€.
It’s not just an American problem, and apparently more efficient housing isn’t enough of a solution.
I think that is a different situation in your city. I don’t know which city it is, and I don’t claim to know much about how the Italian economy works, but housing prices seem similar to what I’ve got in my city (Portland, Oregon, USA), except that wages are drastically lower. So my guess is that it’s a problem with people being underpaid as Italy is a developed economy, similar to the US.
€24,000 a year would be about €12 an hour which is below minimum wage in my city. A minimum-wage worker would be paid about $34,000 annually, or €29,500. The mean hourly wage in my city works out to about $76,000 annually (€66,000). I prefer the median as a better estimate of what ordinary people make, but the census bureau only reports the mean as far as I could find.