Millennials earn 20% less than Boomers did at same stage of life

I am from Brazil, and many boomers told me when I was young how awesome I was to be young, because I was living in a golden age where I didn't had to walk uphill both ways to school, could have computer, and whatnot.

But it is me that envy them now, I am 29, have zero income, lots of debt, and own no assets (not even a bicycle).

The same applies to almost all my friends and aquaintances, and even so, the "almost" is because one of them is an absolute exception (he was already rich, and made a hit game, his game is probably on top20 most sold on Steam right now...), and some of the humble and smart ones decided to ignore the "adults" advice, don't go to college and deliberately choose professions seen in bad light in the social sense (construction, plumbing, car mechanic, CNC operator, security guard...)

The few friends I have that have families, did it by accident (ie: accidental pregnancy), and all of them are unemployed, and their spouses (when they actually have one, some are single parents) are unemployed too, the "least worse" couple are the ones that have moderately rich parents, and they have both sides of the family giving their child the stuff the child needs.

And the thing is, although this is mostly about my country (Brazil), I have lots of friends outside Brazil too, that are also in this situation, one guy I know is an absolute crazy coding genius (And his game is rumored to have inspired No Man's Sky) and he is 40, and also childless, and own only a very old (20+ years I think) car, I have some Canadian friends also with problems like that, I know people that worked in AAA game studios around the planet and still failed to make enough money to pay student debts and start a family.

To be honest, the situation just feel hopeless, sometimes I get myself with the intruding unwanted thought of wishing someone would start WWIII just to see if at least life would be less boring. And from what I am seeing in the "mood" in social media and elections worldwide, I am not alone in this...

Less money - more spending - good, or as GP put it "Millennials prioritize entertainment and free time more than boomers as well"

This of course assumes the problem is the choices boomers are making. Just so we're clear: people choose to work in Amazon fulfillment centers. Hell, boomers PAY amazon for transportation to work here : https://www.youtube.com/watch?v=gYUJjpIxkCU (seriously, when will congress bring down the hammer on companies charging employees ? It is always, always and again after that used to exploit the lowest workers). If you prefer to see this in government stats : https://fred.stlouisfed.org/series/LNS12600000 and -worse- https://fred.stlouisfed.org/series/LNU02026625 and https://fred.stlouisfed.org/series/LNU02026628

From most graphs I get the impression this is the situation. Since Obama came to office there has been the GFC. I think it would be fair to say that US employment has recovered about half the losses it endured during the GFC, taking all statistics together. That does not, to me, sound like a good result at all, and at least for me, is a big part of the explanation that Trump got elected. For most people employment is worse than when Obama came to power (of course he should probably not be blamed for the GFC, but still, he's got the top job. He bears some responsibility)

Similar argument: More debt - more spending - good

Those sorts of arguments. Truth is the economics for the vast majority of the world's population have steadily worsened since about 2000-2001 (worldwide average). Silicon Valley and in fact most huge cities are an exception.

Similar to how "the cloud" is used so often it is just a meaningless buzzword. You've probably heard of the cloud-to-butt extension[0]. This is its less-famous sibling.

[0]: https://chrome.google.com/webstore/detail/cloud-to-butt-plus...