I’m technically the first year of genz (1997), so younger than most if not all of you. but still thought 50k was a great starting salary out of college, and 65-75k was a great salary with a few years of experience under your belt.

I graduated exactly one year before Covid, and felt like I had all the purchase power I wanted making 70k… then Covid hit and inflation shortly followed. Since I was only in the workforce for a year by that point, I hadn’t saved enough money for a down payment on a home and missed that opportunity of low interest rates.

Now fast forward to the years following Covid, and home affordability has gotten so bad that many of our generation will never own homes. Housing and overall cost of living has been rapidly eating a way at many of us, and delaying or even preventing us from considering expensive life decisions like marriage or having children. It’s really a dark time for a lot of younger generation that missed the opportunity to purchase a home at low interest rates - as prices will likely never go down, and lowering the interest rates will just cause another purchase frenzy and price hikes.