🚨J-Cal on the Broken American Dream: “Boomers have absolutely f'd these couple of generations.”

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Episode Description

Full episode: https://youtu.be/Oy4evu1TdiI

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Brief Summary

Younger generations face economic challenges like high debt and stagnant wages, impacting the American dream.

Key points

  • The American Dream Dilemma. Exploring the challenges facing younger generations in achieving the American dream.

Transcript

Boomers have just absolutely this couple of generations. If you look at the cost of homes, the cost of education, the big problem in the United States is wages have not grown except for people who have a lot of money already. If you wanted to start a family and you're in $100,000 in debt for your student loans and homes have doubled, triple, quadrupled in price when compared to your income and we don't have real wage growth. That's an issue and I think this will become the issue of the next election. We see Mandami and the socialist move. If you really want to make a compelling argument for the next election cycle, I think it's real wage

growth. And if you look at minimum wage and this disparity between what top earners make and where minimum wage is in the United States versus other developed countries, there is a real argument here. Even though we might all be free market individuals, this came out of New York this week. Slow gains in jobs in New York City for the first half of 2025. This is New York City. We clearly have some issues with jobs here and young people are clearly having a problem. We're talking here just about the American dream. Is it broken for these next generations? Low wages, high debt, no ability to buy a

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