The reason for stagnating income among young people is plain and simple: Crony capitalism that takes many different forms, including the student loan program (the College Industrial Complex), Obamacare bias against the young etc, all involving pay offs to powerful private interests at the expense of the young.
Plus many of these young people remember their parents being foreclosed on (or some variation) during the Great Recession. Their fear in many respects is understandable.
(From The Daily Caller)
For example, the fertility rate when baby boomers were in their 20s was 2.48, compared with today’s number of 1.76. Most young adults say they want fewer kids because of how expensive childcare is, reported Axios.
The number of 30-year-olds who earn more than their parents did at the same age has fallen, too. Ninety-two percent of 30-year-olds earned more than their parents at the same age in 1970. Only half of 30-year-olds met that description in 2014, reported Axios.