“most of that generation have no real access to any substantial amount of that wealth though... it’s an other people thing for them alien to their personal experience”
Bingo. Except for the few high paying jobs in tech, they are struggling. I know engineers and actuarial scientists who cannot afford to live without room mates into their early 30s. Costs have outpaced salaries by a huge margin.
I was able to put the down payment on a modest house and put myself through college working as a driver with reasonable hours before the age of 25. Never happening in today’s economy...
” I know engineers and actuarial scientists who cannot afford to live without room mates into their early 30s.”
Where do these people live?