I think what they might be missing too is how quickly things can change.

If a major real estate or stock market crash hits, those who have been patiently saving up cash could have a great opportunity to buy into assets at a cheap price so they can build wealth.

To be fair, if I were a young person struggling to make ends meet, I don't know if I'd be able to think that way. Especially when history teaches us that the current regime is willing to monetize every crisis.