If this $500B was instead viewed as consumer debt (spending what you didn’t earn), might we be somewhat less sanguine about this? Intergenerational finance is important in both directions, but as consumer debt continues its unchecked rise, what matters is that as a society we continue to overspend. If young people are contributing to that, more the pity.
Driving is like swimming: a skill worth learning for the situations when you need it. Should everyone own a car? Of course not. But driving should be separated from that.
You won’t call it financial planning. Instead, we will automate your spending on things you don’t care about and give you control on what you do. The “payment” will be simple leadgen.