Millennial shares a spot-on theory about why his generation and Gen Zers are so burned out
They're not lazy, they're exhausted.

A woman is feeling major burnout.
Freddie Smith is a popular TikToker and host of The Freddie Smith Podcast, where he talks a lot about income inequality and finance from a down-to-earth perspective. One of Freddie’s biggest topics of focus is how the younger generations, millennials and Gen Z specifically, have it a lot harder than their Gen X and baby boomer counterparts. Recently, he described why he believes the younger generations feel so burned out: They are spinning their wheels and not getting ahead because of the rising cost of living. This counters the boomer notion that young people are entitled and lazy.
“They're working 40 hours a week, but at the end of the month, they have nothing to show for it. So if you're not making any progress and you look back five years and go, damn, I made $300,000 in the last five years or I made $400,000 in the last five years and I have nothing,” Freddie says. “If, anything, I have $25,000 in debt, that's gonna create burnout cause you feel like you just put in 5 years of work and have nothing to show for it.”
@fmsmith319 Why Millennials and Gen Z are facing burnout
Freddie adds that the younger generation's inability to get ahead leaves them constantly strained. They are stuck in apartments and can’t grow their families, or if they do, they don’t have the same quality of life that they were raised with.
“It's the 30% increase in rent prices where people are spending 40% of their money on rent, you're still being taxed 20, 25, 30%. People just don't have any money,” Freddie adds. “People aren't having kids, and they're unable to start families. People are struggling financially, fighting financially, and suffering in relationships. This is all decline in living standards.”
A young woman is stressed about her future.via Canva/Photos
Feddie’s numbers are backed up by research, and the biggest significant issue that younger generations face is the price of home ownership. Adjusted for inflation, in 1985, the average home cost $96,985 in today's money. However, the average price of a home today is a whopping $426,100. Rent is a little better, but still tough. The average rent in 1985 cost $1,031 in today’s dollars; in 2023, the average rent is $1,406.
In a video published in November 2024, Freddie did the opposite and shared five reasons baby boomers had it much easier than millennials and Gen Zers.
- You could buy a house for 30 to fifty thousand dollars
- Union jobs were more prevalent
- College actually worked
- Social Security was actually strong
- The invention of 401(k)s
@fmsmith319 Why Millennials and Gen Z have it harder today compared to boomers
“The boomers always come at us and say ‘Why are you saying it was easy I was living paycheck to paycheck. You don't realize how hard it was.’ Look at all the advantages you had and how hard it still was,” Freddie says. “Think about the kids today, they cannot buy a house, union jobs aren't available, college is completely out of whack. They're spending 80 grand to get a job for $50,000. It's backwards.”
Freddie makes a strong case for millennial and Gen Z burnout. Because, face it, there’s nothing more exhausting than grinding away at something and not moving an inch. At the same time, things only become harder. Rent goes up. A carton of eggs is $8; if you are fortunate to have money in a 401k, it no longer feels safe. “Humans are good at adapting,” Freddie concludes his video. “But there's a fine line between adapting and being taken advantage of. And I think we're being taken advantage of.”