The Wages of Generation Y

The Chicago Sun-Times reports on Generation Y:

Many have to rely on their parents to maintain the lifestyle they've been accustomed to. When adjusted for inflation, median salaries for male workers in their early 20s dropped from more than $31,000 to less than $22,000 in the last 35 years, according to the U.S. Census. For those in their late 20s, salaries dropped from $40,000 to less than $32,000. Salaries for women increased slightly.

Just think how Fannie Mae,unions,and other goodies have helped create artificially high housing prices their parents didn't face.Who going to buy all the real estate (at these high prices) from the well-off Baby Boomers?