It’s not the first time 30 year olds aren’t doing as well as their parents.
It was true thirty years ago too. My generation saw higher mortgage rates, higher housing prices, jobs starting to disappear overseas, the need for wife to be employed as well as husband (that was partly expectations and not just need), disappearance of pensions for private sector workers, affirmative action making some fields harder for whites although easier for blacks.
Plus, 40yrs ago, wealth meant owning a computer, cell phone, VCR etc.....and on and on-
these cays beyond the basics-wealth is good for screwing everyone else via inflation, regulation and taxation and little else.
If failure means: more living space than anywhere else on earth, readily accessible food/calories, state of the art medical care, free primary education and every gadget on earth-our nation has completely failed these people.