Social media is probably somewhat responsible, but I don't think it's the biggest problem here. It's the fact that Gen Z is checking out on life, for many people there is no hope of owning a house even if you give up all luxury spending and grind, it's impossible for many on a typical job.

It's also getting increasingly more expensive to hang out with friends in physical spaces. Every business needs to pay increasingly high rents, and charge increasing amounts. You could go out to the bar and spend $100, or you could stay at home and play video games for free.

We are living in an era where the old and rich have taken over and continue to extract every last drop of wealth from the people who have the least.