As another Gen X'r myself, I call "bullshit".
Firstly, when this guy was 23, the median income was here in L.A., where the OP claims to have lived, was $17,700 and the minimum wage was $2.90. Today it's $16.90, and the median income is $87,000-$89,000. In my area it's $99,900.
Those are enormous differences between the 1980s and today.
While it's true that housing costs, particularly rentals, have risen sharply in many desirable areas, citing West Hollywood as a representative example is misleading. West Hollywood has long been a premium location due to its central position in Hollywood's nightlife, entertainment, and cultural scene, akin to using Brentwood or Manhattan to illustrate national housing trends. It is not a typical benchmark.
Similarly, claims that everyday items like burgers now cost $20 feel exaggerated. A standard fast-food meal, including fries and a drink, generally runs between $16β$18 at major chains. At In-N-Out, for instance, a Double-Double, cheeseburger, two orders of fries, and a drink total around $18 even after recent nationwide price pressures. This is not gourmet dining; it's mainstream consumption.
The world has indeed changed profoundly since the 1980s, but not always in the one-sided way younger generations often portray. Incomes have grown substantially, technology and lifestyle options have expanded dramatically, and economic opportunities have shifted. The real challenges, particularly housing affordability in high-demand coastal cities, deserve serious discussion, but they are better served by accurate, representative comparisons rather than selective anecdotes.