This is part of the irreversible trend towards a post-scarcity economy , funded by a combination of federal transfers (such as Covid stimulus) and ballooning appreciation of private sector wealth. Look how well google and tesla stock have done. US population growing at 1%/year while assets are appreciating at 20-40%/year (such as FAANG stocks,start-ups, crypto, S&P 500, Nasdaq, real estate, etc.). Hence more $ for everyone through trickle-down effects and less need to work. As the number of new millionaires and billionaires keeps rising, so too does the $ that flows downstream from them such as friends and family, such that the probability approaches unity that someone will know someone who is rich and may not need to work. I know young people in such a situation now where their parents are so rich that work will not be needed. Go on Reddit fire/investing communities and plenty of posts about large inheritances.
