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Phoenix20 said:
Luck plays a huge role in achieving success in life.
Baby Boomer generation got lucky with cheap education and cheap housing.
Young people are working harder and it takes a long time to pay off student loans.
Baby Boomers bought their first house by 20, young people will be lucky to buy first house by 30.

The young people I see aren't working harder, though. Many aren't working at all. Partly because of too many distractions and partly because we did a terrible job preparing them for the real world. Partly because the good jobs that pay well without a degree seem to be going away. In any case, they're gonna have to figure it out. Excuses won't put food on the table.