Here’s what most millennials fail to understand: There is no guarantee that the economy will experience the same level of growth that occurred during your parents’ or grandparents’ time. In fact, it’s quite unlikely. The fact that nearly every asset and good is near all-time highs is not a coincidence. It’s the result of parabolic monetary expansion, and boomers were ideally positioned to benefit from it - and in many ways, were the orchestrators of this phenomenon. They own real estate, metals, stocks, and businesses. All have benefited tremendously from inflation. But given where markets stand now, “I’ll sell one asset and buy another” is not a reliable investing strategy. One way to benefit from this environment is to offer services to boomers and price them at a premium, or to have a highly specialized, well-paying job. If everything is in a bubble, your services can be too. But even then, you’re operating in the most competitive environment ever. Young adults today aren’t just competing with each other - they will soon also face competition from artificial intelligence. So don’t feel discouraged if you think you’re not doing as well as your parents did at your age. It is most definitely not all your fault. The path to success and wealth today is much more difficult. Boomers may reject this idea, but these are the realities. You won’t achieve generational wealth simply by avoiding that avocado toast. They built their path to success and, in many cases, closed the door behind them. As a result, younger generations are more anxious, more addicted, and more depressed than ever. Those who are fortunate may benefit from inheritance. Rest of us will have to compete in the trenches to death - and already are. I'm sorry.