I'm (barely) in the boomer generation, and I have a daughter who is 25, so I see the situation she has compared to what I had. I also have boomer employees and coworkers with younger kids. The cost of buying a house and paying for education is for sure a lot higher now compared to wages, and those are big quality of life factors.

One thing I rarely see mentioned in these discussions is the availability of a safety net. My daughter has had to have a fair amount of help from us, as have most of her peers from their parents, and that sucks, but the fact of the matter is that it's more of an option today than when I was young. Most of my friends have paid 100% of their kids' education, and many if not most have helped with housing in one way or another. That was less viable when I was young. I was lucky that my parents paid for my education, but that wasn't true for most of my peers at the time. When I left the house, it was made clear that there's no going back.

I'm in no way trying to say we had it hard or harder, just mentioning that there are a lot of factors that go into the situation.

Oh, one other thing: I really believe that the current high cost of education is at least in part intended by older conservatives. Today's conservative agenda relies on people voting against their own interests (it's amazing that poor Midwestern farmers largely support tax cuts for the wealthy - it's crazy). Making education something only wealthier people can afford and creating a giant media franchise that looks like news but is really conservative propaganda are two approaches to furthering that goal. We have to fix it, but there's a bunch of people who actively don't want to fix it because they're happy with the situation.