Here in the US. I think for the young population there is a genuine affordability crisis, coupled with health insurance being so expensive it is a genuine blocker for a lot of people.
some of the younger people i work with also mention climate change and global instability, amongst other things. they don’t want to bring kids into this world as it exists today.
It's Malthusian scarcity, expressed through market-clearing prices. It's like some alpha baboon hordes all the food so nobody else is going to reproduce.