[alephnerd]

Exactly.

Expectations of "middle class" life have inflated.

We can afford a single family house with the picket fence - but it won't be in Fillmore or Brooklyn anymore, because they are now luxury neighborhoods.

We can afford multiple vacations, but it needs to be abroad, not the Catskills or Redneck Riviera.

We can afford to eat out, but it's not going to be McDs or fast casual - it has to be fancy and instagram worthy.

> finding the path to success is impossible because it lies in their past or was never accessible to them

Exactly.

A subset of Gen X and Boomers did very well in the 1980s-2010s. Their kids are Gen Zs who rail against boomers but will gladly take their parents help to buy a condo or townhouse in SF or Manhattan.

Intergenerational wealth is now a thing, and isn't going to change.

[sokoloff]

> Intergenerational wealth is now a thing

Hasn't it always been a thing, though?

I'm sorry for people whose family is not in a position to, or chooses not to, help them, but I think it's always been pretty common (albeit not universal) for parents to support their offspring.

[alephnerd]

I agree, but I think a lot of Americans never had that kind of a strong family unit helping each other out.

Until the 2010s, it was fairly socially expected that you'd move out of your parents house at 18 and either find a job or go to college, and do all that on your own dime.

It was always a weird concept for me coming from an immigrant family where we all pitch in together to help each other, but a relatively large minority of Americans (maybe 15-20% actively chose not to) and a large majority (maybe 20-30%) didn't have the means to.

[RestlessMind]

Based on what my American friends told me, I think it was only a couple of generations of Americans where that was true. Before that, Americans too had stronger familial bonds. No first hand knowledge though.

[alephnerd]

Depends on how old you are.

If you're in your 20s-30s, best case your grandparents grew up in the 1950s-60s - which absolutely wasn't a walk in the park, but the average American was miles away the richest person on the planet back then, and the "nuclear" family was the structure of choice (that's why it's called the nuclear family - 1950s techno-optimism a la Fallout)

On the other hand, if your family immigrated then the familial ties based system continued to exist.

[Michelangelo11]

Err ... no ... the "nuclear" part comes from "nucleus", in the general sense, and the expression long predates nuclear technology.

https://en.m.wikipedia.org/wiki/Nuclear_family

[drewcoo]

>> Intergenerational wealth is now a thing

>Hasn't it always been a thing, though?

Family size is a factor.

[Free-is-Freedom]

Indeed. I would even go so far as to say that we're Min-Maxing society, and through this process we're eliminating the middle class

[alephnerd]

Pretty much.

American society now has the same kind of "me-me-me" mentality I see in Asia (both developed like Japan or Singapore, or developing like China and India), the Americas (Mexico, Brazil, Colombia), or Eastern Europe (Israel, Ukraine, Russia, Romania, etc).

The only way to succeed in this kind of a society is to be ruthless. Most Americans are NOT. You even see that here on HN, with people complaining about educated Immigrants doing better than educated Americans.

You need to be ruthless in a low trust society, and it's the same now in the US.

[wumeow]

Was this mentality imported by said immigrants or home-grown?

[alephnerd]

It's home grown.

People like to blame immigrants or the "other" but at the end of the day, society has specialized.

Either you build the skills to specialize, or you don't and wither away.

This has happened in every country from Japan to Jordan.

The difference is, lots of people in countries like Japan or Jordan still remember how actual poverty feels like, and will work their hardest to prevent something like that.

Most Americans have now grown up with 3 generations of surplus.

It was always the immigrants that did the dirty work and eventually assimilated - look at anti-Italian, anti-Mexican, anti-Japanese, anti-Armenian, anti-Jewish, anti-Slavic .... sentinment in the US.

Their kids eventually assimilate and also lose that ruthlessness.

[Rinzler89]

>Either you build the skills to specialize, or you don't and wither away.

Or you can coast on the wealth built by the hard working generations before you and let the immigrants specialize and work hard while you rent seek them. This goes for people and for countries.