This younger generation aren't screwed exactly...but it'll take sacrifice which I doubt will be easily swallowed???
Buy a house (not apartment) with siblings or friends... Learn to maintain an older model car themselves...cheaper car repayments and all the depreciation has been done?! Don't buy party drugs and waste their disposable income on lattes etc etc... Don't buy the newest smart phones etc... Don't holiday in Australia but a cheap Asian country...only drink on holiday where it's a third of price... Make drinking n smoking a Luxury, not a necessity!?
Last of all, think out of the square... Unfortunately not many younger generation have that ability or commitment!?
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This younger generation aren't screwed exactly...but it'll take...
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