Behold the New Gilded Age, much like the last Gilded Age, as money chases money, eventually leaving the 99% behind.
The percentage of millennials planning to "always rent" is up about 25% from last year, to 12.3%, based on Apartment List's annual survey; the factors behind this are primarily high house prices and high levels of indebtedness, driven primarily by student debt.
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But if millennials think they're struggling now, wait until their parents -- who lost their defined benefits pension and were moved into market-based 401(k)s that are grossly inadequate to supporting them after they stop working -- retire.
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That means that a whole generation's prime child-rearing and working years will be compromised by crushing eldercare and debt burdens, leaving them largely childless (with fewer young workers coming up behind them to pay into the Social Security system when they retire) and with stunted working lives.
Not everyone will end up this way: the top decile and the one percent will enjoy the "privileges" of good jobs and families.
If there was ever a moment for intergenerational solidarity, this is it. Neither boomers nor the generations after them have a future under neoliberalism and inequality.