I know that is true, but it doesn't change my first point. Every generation it is becoming successively harder to own the same amount of assets as the previous generation. Both sets of my grandparents owned a home, lakehouse, and boat(s). So grandparents are 2x house and a boat. Parent is 1x house, no boat. And me is currently no house and definitely no boat. I'll eventually get my house in the next few years, but I will almost definitely never own 2 and a boat. And my son, will he be able to afford a house? If you look at the long term trends on housing, education, health care, and now even consumer goods, its looking like home ownership will be non-existent for his generation. He will be renting a room in a converted multi-family unit.