THE BOOM YEARS ARE OVER
The main thing they care about is organizing their leisure time. Other than that, they are resting on the wealth that previous generations have produced. This is the common preconception of the younger generation. Ecologist and journalist Lukas Sustala delivers proof to the contrary by showing that young people are late to the party in many regards—and often, they find preposterously bad opportunities, whether it’s in their professional life, in education, or on the housing market.
High real estate prices cause a whole generation—without inheritance—to have difficulties in building up wealth. The times where well-educated professionals were able to choose their employer are long gone. Instead, competition for coveted places at universities is all the more intense. The golden years of the welfare state when the general public was granted a large pension for a mere Euro deposit are a thing of the past. And what the job market is going to look like in the near future has only a very marginal influence on the decisions on education policies that are made today. While the parental generation enjoyed decades of prosperity, the financial crisis of 2008 has left deep incisions on the résumés of young people.