Issues raised by panellists identified student debt, inflation, and lacklustre professional progression as significant contributors to this difficulty, making it any aspiration such as home ownership, starting a family, or advancing in their careers a tougher endeavour compared to their parents' time.
Whoopi, who is said to have a net worth of around $60 million [£30 million], responded, saying: "Every generation comes and wants to do better than their parents."
She expressed disbelief at the complaints, stating: "I'm sorry, if you only want to work for four hours it's going to be harder for you to get a house."
She continued: "I feel for everybody that feels this way, but I'm sorry we busted our behinds, we had to bust our behinds because we didn't have the option of going back. Listen, we had all kinds of stuff. Every generation is told 'You're going to do worse than your parents' and you know what people raise themselves up."
Wrapping up her views during the discussion, Whoopi stressed the importance of being proactive and said, "This is what you've got to do - it's called being a good citizen."
Her remarks recently ignited a heated online debate after going viral. TikTok sensation Freddie Smith, known for his mission to 'debunk boomers' and enlighten folks on modern financial realities, responded to Whoopi's statements in a video that amassed 18.9 million views and 2.3 million likes.
The fervent financial guru stated: "Hi Whoopi, I'm Freddie I run numbers on the internet and I've got to show you something. The minimum wage in 1980 was three dollars and ten cents, it is now seven dollars and twenty-five cents. The average salary was 12,500, it's now 59,000, the household income was £22,000 and now it's only £77,000 for a 3.5 increase."
"However rent was $234 on average, now it is $1900 for a 7.8 times increase. The house price was $47,000, it is now $419,000 for an 8.9 times increase. And the big one - college was $2.3K, it is now $30,000 - thirteen times more expensive."
He elaborated that if average incomes had kept pace with housing and university costs, salaries would need to be $171,000 and household incomes should be at $286,000. "So whooping with all due respect, I think millennials and Gen Z's have it at least eight to 10 times harder than you all did."
The video sparked over 30,000 reactions, with one person commenting: "I'm a boomer - I work harder now than I did in 1977 when I started working."
Another chimed in: "We work so much harder than they ever did."
One person reflected on their past, saying: "1999, I made $7/hr, work a 48 hr work week and picked up waitress or baby sitting on the side. I purchased my house for $32K. My house with minimal upgrades was appraised at $148K. I would never have been able to afford it now!"
Another wrote: "Hey The View and Whoopie Goldberg in particular. Maybe get a ------- grip and get in touch with Gen Z and Millennials and realize that literally none of us 'only work 4 hours a week' to get by. All of us are working 40+ hours, multiple jobs just to pay bills. STFU"
Yet, there are those who concur with Whoopi's views, as another noted: "No, but she does have a point and I've dealt with it first hand. It's not just millennials and Gen Z. Ever since Covid it seems like no one wants to work."
Get updates delivered to you daily. Free and customizable.
Welcome to NewsBreak, an open platform where diverse perspectives converge. Most of our content comes from established publications and journalists, as well as from our extensive network of tens of thousands of creators who contribute to our platform. We empower individuals to share insightful viewpoints through short posts and comments. It’s essential to note our commitment to transparency: our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. We strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation. Join us in shaping the news narrative together.
Comments / 0