Derek Thompson

Ooh, four points.

I like that.

Try to remember them.

Number one, despite the impression that homes are too expensive everywhere...

More than half of US housing markets have seen falling rents in the last year.

So in more than half of US housing markets, rent is cheaper today than it was one year ago.

Number two, according to two separate analyses by the St.

Louis Federal Reserve, millennials and Gen Z are earning more at their respective ages than any previous generation on record.

That is after adjusting for inflation and buying power.

So even after you do all the adjustments,

Today's young people are richer than any generation in American history.

Number three, today's 34-year-olds have more wealth, more savings than any previous generation at their age.

And number four, the unemployment rate for young people, while it is elevated, as we've discussed, is still lower than almost every month between 1971 and 1997.

Do you think it's sometimes over-torked a little bit?

I mean, you and I are in media.

Yeah.

So we know the dirty secret of all news media.

Which is that if you want to get people to pay attention to a story, you catastrophize it as much as is possible.

factually allowed you stretch the catastrophic twerking as much as is possible while remaining within the bounds of telling the truth or if you're not constrained by truth then you simply catastrophize as much as you want is it possible that

The emphasis on negativity in news media sometimes represents the struggles of young people as being more miserable than they actually are.