New media, college, trades, welfare UBI, whatever the hustle, folks are going to learn to live with less.
Plenty of college grads been living at home with their parents since the world financial crisis.
I was out the door at 18. My brother and sister are barely getting their lives started at ~30. Both have STEM degrees and full time jobs (sadly not CS, or maybe gladly with the current state of LLMs).
The economy is seriously broken and has been for sometime, for Black people especially.
The whites are in denial, both sides. They might see the problem but they don't get the urgency. And for the liberal/progressive whites, they are too fecklessb to save themselves even when they get how dire the situation is.