I believe it's due in part to folks waiting to have kids. The kids didn't "see" the struggle first hand. The actual starter home, living on beans and rice, working two jobs, etc.Too many hear how their parents and grandparents "had it easy" and think it's impossible and/or just give up. There are plenty of people who do just fine. Yes, the economy sucks and things are harder, but that doesn't mean you can't get ahead and be successful. If I had it to do all over again (and had some skill) I'd go the trades. Plenty of work, good salary and you make or fix something, which has to be pretty darn satisfying.
I know many folks who started in the trades and then branched out on their own. They don't have millions like the folks I spoke of earlier, but I'd bet they still are "millionaires" by definition and living a very comfortable life.I bet these individuals started their own businesses. You can make a good living with the trades and as an employee, You can’t make millions that way…… you have to start and run a business and grow it.
But yes, business owners. Working to make themselves rich vs making "the man" rich...and as I say that I am still making "the man" rich...