Student debt, credit card debt, wages not keeping up with inflation, automation reducing jobs, lack of universal healthcare (more than M4A), trying to look like a millionaire without savings, razor blade-business model products, increasing costs of living, and less new housing.
It's also interesting that the "sharing economy" encourages greater spending on rentals: Lime, Bird, ZipCar, and so on.
The only consideration pro renting is whether it's a cheaper lifecycle total cost than owning.