One of the less discussed aspects of the 'whole millenials are poor' debate is 'Where did the grandparents' money go?' Specifically we need to recognise that the property does descend through families, and that grandparents should be giving it to the younger generation if their kids are well established. It's not the whole answer, but will reduce the pain for some - as long as the grandparents think this through.
Handouts? Seriously? That is the problem, they don't want to work. Let them learn to work and earn their wealth as I did.