Earlier quoted context omitted.
> Multiple major recessions One. They lived through one major recession, and here it wasn't really major, and is not something they lived through recently. They were younger than 6 when it started. I've lived through two. The 80s weren't a happy time, and there are no signs that that had such an impact on teen mental health. If it did, it would be proof that the impact of a major recession is temporary. > prospect of…
> Situation wrt to teen mental health is similar in Europe, but there's a much smaller graduation debt. But Europe has far lower professional salaries than the US. Also economic conditions definitely have a big impact, I could finally buy a small flat after years of renting and it's such a great change to be able to make changes in your own home and buy your own things. My father did that at 23, not 30.
University tuition is wildly variable and not directly proportional to income: https://en.wikipedia.org/wiki/Tuition_payments
(Housing costs are also wildly variable, but I don’t know where to get enough data to tell if that’s proportional to incomes or not).