Nothing much more to add, but I do think that young people expect a higher standard of living than we had.
I went to London University in 1964, lived in hall in a shared room with one other girl, bathroom shared among 5 other girls.
Later I shared a flat with 2 other girls, all 3 of us in one bedroom. My then boyfriend (late DH) also shared a flat with 2 other young men, one bedroom. Not a lot of privacy!
Our first flat comprised bedsit and kitchen, plus shared bathroom with another couple who lived downstairs. Would young professionals expect to live like that now?
Our children, now in their early 50s, had better accommodation during and post-university.
Times change again, and elder GS is now at university, managing with help from the banks of Mum and Dad plus GPs.
But I think he'll have a tougher time when he graduates and is working in his first job than we had. Expectations are different now.