New report shows Gen Z relies on debt more than millennials do
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- Опубліковано 8 тра 2024
- According to a new report from TransUnion, Generation Z is racking up debt at a faster rate than millennials did at their age and are reporting higher delinquency rates than previous generations. Editor-in-Chief at Investopedia, Caleb Silver, breaks down this new study and gives advice on how to eliminate debt.
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#GenZ #Millennials #Debt
I call it "Ramen Noodle Bankruptcy" I can't believe the cost of rent today and the fact that these post college jobs want to still pay $35K a year. This isn't 2003 and that is not a livable wage.
35K? Picked the wrong major. My kids came out at 65K and 105K 6 to 8 years ago. Look in the mirror and complain. Everyone wants to blame someone else. Buck up and work hard.
@@zoner__ "picked the wrong major" tell that to the old man that never had a drop of college education that supported 10 kids on 1 paycheck. It has nothing to do with picking the wrong major. Job gains since 2018 have all went to foreign born people. Your kids are lucky they got started early. If they lose their jobs they won't get another 1 for that same amount.
@@zoner__Ok Boomer.
@@zoner__Just stop. Working hard doesn’t always equate to more money. Horrible take. Congrats to your kids, that’s just not reality for everyone buddy.
@@zoner__ key words "6 to 8 years ago"! they are not gen Z. Electrical engineer grad had to move to the east coast to find a job. Hard job market right now. 100k for him gets him a box.
I dont blame them. Marketing is top notch compared to 2013 and so is social media integration.
THEY ARE SHEEP OF COURSE ITS THEIR FAULT FOR BEING SO EASILY MANIPULATED
Hey loser . Still waiting for proof on byd .
Yeah they need to get rid of that victimhood mentality and need be more disciplined.
@@jessicaflo5126 easier said than done with their psychology has been hacked.
Credit cards are being used to buy basic necessities like food, rent, and gas. That’s the scary part.
Let’s be real, I’m 26 and my generation is living lavishly above their means. Trips abroad, brand new cars, shopping sprees, huge student debt loads…. Consumerism is plaguing my generation and it’s partly the fault of ourselves
It's no one's fault except yourselves. Ya'll try blaming everything. Nope. Live within your means.
@@billyyank5807 disagree, govt money printing debt and inflation are a byproduct of decades of failed consumerism habits from ALL generations of Americans.
Wow for you.
@@mageedaysguess you're a millennial
Can't wait to watch the crying online posts from all of them coming soon
I’m very blessed to have a very kind parents during these hard times 😔.
Spending $100 a week on chicken, bread, broccoli, potatoes, and milk is tough. I spend about $350-$400 on food at the grocery store each month. I remember when that wasn’t the case when I was a kid. $100 would probably get me a whole month’s worth of food back then. Life’s tough.
I would be in debt up to my eye balls if my parents didn't let me live at their house.
60k is not even double the poverty line. They're acting like that's a good salary, enough to live, have kids, a home, etc. Child care alone for a working parent is 20k/year PER CHILD.
Live below your means and work your way towards a higher salary before buying home or having kids. I know plenty of gen z’ers who eat out way to much, drive luxury cars and travel beyound their means. I’m all for living life…but do it without credit card debt.
It’s not bad if you have no debts 😂 impossible for most. Like most peoples electricity is a cheap car payment.
Investments not kids. That’s the way to go.
This is THE END of first-time home ownership and the slow death of the middle class in a generation.
77 bids over 4 years for our first home as native Tennesseans ALL OUTBID by cash investors. Wonder why we Millenials & Gen Z are doom spending? Why we aren't having kids, getting married? We CAN'T afford a home, car, kids, retirement... Child care costs 1/3 of the average income PER CHILD. At 35 y/o kids and a first home passed us by. Don't be surprised that these younger generations want to see it all burn.
This economy isn't for us. It never has been. We've been checked out, not by choice.
The ladder was pulled out from underneath us by the generation before us. Without sheer luck, the amount of wealth that's being hoarded by these tech companies, politicians, and boomers is not attainable. We're spending our 'lavish' $50,000/yr on RENT, GROCERIES, HEALTHCARE, CAR DEPENDENCY (lack of affordable and widespread public transport in MOST MAJOR CITIES, gas prices, car insurance prices are insane, child care costs are despicable, TUITION AND PREDATORY STUDENT LOAN REPAYMENTS). Our government is spending our tax money without consulting us, the mass majority of the disappearing middle class. Our representatives are paid off by rich lobbyists for big tech, arms companies, and banks. It was never for us; it is for them. That's why they're hoarding farmland and first time homes. It's hard to watch without feeling sick.
Young people have realized the math ain’t mathin’ with the current “American Dream”. It’s become way too expensive, and they believe they’ve missed the train. So they’re gonna live their life now. Not saying that’s the right mind set, but maybe the government oligarchs should focus on investing into the youth of this country instead of sending billions to foreign countries.
Exactly
My generation experienced the same economic conditions & had to learn to be frugal.
@@JLTravels not even close to the same, actually. But I do agree there were economic challenges for previous generations.
@@Aunny123your right its not the same back then you didnt have a credit card it was alot harder then today
10000% Right.
Living below your means is the key.
This!! 🙌🏽
Way to not watch the video and inject your own narrative
I’m 24 and I fear for the 2030s & 40s… thankfully I’ve been trying to do everything I can to save money. That is I have never dated, I don’t have any friends, and I don’t even drive. I have 2 credit cards and I only spend $50 on each of them and then pay it off at the end of the month. I have a 770 credit score as well as an Associate’s Degree that I earned without racking up any student loans/debt. Because of all these decisions of mine, I can confidently say that I have a good amount in savings now (Around $25K) because I learned to live within my means and I hope you do as well. I hope my all my hard work will be worth it in the end. 🙏 Take care
Bro tell me your joking life must be hard
@@FelixKnoche-lv6ci I wish I was joking but that's my life 😅 I hope you're doing better than me though
I’m glad to hear it Tony, but at some point you gotta start engaging in your romantic and social lives.
@@suds7103 You're right, but right now in my 20s I gotta work hard while I'm still young. Maybe I'll have more time to do other things by my 30s but who knows what'll happen by then..
That’s great for you! I’m 25 & struggling. I’ve been living on my own for 5 year and the first 3 years or so was great. Now it’s getting harder. I’m also going back to college to go to nursing school so I can earn more money .
Their government is sterling example of frugality! 😂 who are we to lecture them?
Yeah, difference is government has unlimited access to money, individuals don’t 😀
Vacations, nice cars, not wanting to work 40 hrs/ wk, eating out instead of cooking. YOLO spending, Who would’ve thought this was not sustainable 😂
Millennials are the generation that has been through it with our parents. My parents went into debt and constantly yelling and fighting over money. Now I've learned from my parents that I will never argue about money or put myself in that position.
GenZ on the other hand, they're having a tough time because of the inflation, job market, and college degree is required on everything.
Not 30% credit card utilization. WRONG.
9% or less utilization is optimal.
The fastest credit building cards are from Chase, because they report mid- cycle AND end-cycle each month when a card is paid off.
They say 30% because that's how much utilization is weighed when calculating your score. Anything above means that your debt-to-limit ratio is too high. That can impact your score.
Knowing this, I've set up a text alert for when I go over 15%.
@@DarkenedTributary-po4mv Try stepping down 2% at a time from 15% to 3% while keeping everything else controlled. Watch your score. BTW, 0.6% is rounded up to 1% utilization.
just use cash
@@fogrunr5075 I set off a text alert for when I go over 15% but I pay it off before I get there.
@@Filmaker25 I bring cash with me also But I also try to keep my credit in check.
As a millennial I didn’t have debt most of my 20’s not even a car payment. I rode the bus or took Ubers. I feel bad for gen z
This isn't too crazy considering inflation has gone up much more than 26%, but it's probably just as painful due to the higher interest rates.
No inflation has not soared way above 26%
Inflation is a little lower than 4% in the United States. Did you confuse that with interest rates?😂 By the way all these companies are price gouging to boost profits while exploiting workers & not raising wages. It's not solely based on inflation. ✌🏾 Stay informed!
@@thenorseprincedarksavior7536 it's 26% since 2013 (~10 years ago)
@@rahhjur 🤦🏾♂️
@@rahhjur it'd been 1720% since the year 1800
WE SHOULD BE ASKING WHAT THESE POLITICIANS CAN DO TO MAKE IT MORE FEASIBLE
make what more feasible?
@@Rzamortis a work life balance that doesn’t require you to fall into debt when emergencies come up, affordable houses on the market, health care that doesn’t send you into thousands of dollars in debt. A realistic retirement plan for working Americans. Make having kids more feasible without working so much that you can’t even parent. A job market that has more entry level positions etc.
@@aztr0k1dit's not always the government fault. Things has changed around the world, youngsters nowadays want to flaunt and buy useless expensive branded stuffs as well. Like in Asia,many countries youth are not planning to get married because they only want to spend for themselves buying stupid stuffs.
Only "help" they can provide is censor the internet to protect GenZ from getting depression from the news or NSFW content: That and other excuses that give the government more authoritarian powers is the only time you'll see politicians lift a finger to allegedly "protect" young people... if neither your money nor your rights are to be gained, tough luck! Hey you'll be homeless and die of cold or disease or starvation, but at least you'll be protected from the immoral lyrics in that rapper's latest song... we got our priorities straight guys.
Politicians belong to the 1% they are all making bank, they aren’t going to k their cash cow so you can have a better life, governments work for themselves.
Instant gratification generation
It’s not instant gratification the economy is just bad if you haven’t been living under a rock. Millennials and boomers are using credit too
If you use debt wisely it can be a powerful tool to increase your wealth. Gen Z has more financial literacy than the generations before them due to increased access to knowledge. As a Gen Z myself, I do all of my purchases on credit cards and pay them off at the end of the month to maximize cashback and optimize my credit score.
I do that because I know they're lying about the inflation data and that it's truly much higher than reported, and so when they cut rates again in the future, i'll have a good credit score so I can use leverage to purchase assets, and i'll have real assets that don't get devalued while the amount of money i have to pay back is either minimal in real terms, or possibly even LESS than what i borrowed in real terms.
@@youreyesarebleeding1368 If Gen Z had more financial literacy, they'd use their money more wisely. Having literacy means nothing if you still make bad decisions
Boomers said this about Millennials. They used to refer to Gen-X as the most destructive generation in human history (this was the 80s). So miss everyone with that mess.
@@lyraserpentine894 Boomers really boom on each generation huh? Calling them doomers now.
Just like our government.
Even recently wages have not kept up. It's been way behind for the average person since the 90s net crash maybe longer.
Troubling for sure!!! Spendthrift nation! Teach financial best practices at home & school.
Try as hard as possible to be a 50-year-old trust fund kid.
Exactly. Be rich. If you ain't rich, then just become wealthy. If you can't do that, then just live as if you're wealthy. Image is everything; health is wealth; might is right.
Honestly, the debt levels that we are experiencing are from bad leadership. This administration is so worried about the wrong things.
You know what surprises me is the generation that didn’t have these issues try to tell my gen and younger how to live..
How could they not have more debt because of student loans & very high auto & home prices. My 23 y/o son is dumbfounded when I talk about how much mom & I paid for things when we got married in the late 90’s.
Yep I took a class at college for what it costs to take a family of four to a movie and McDonald's today.
Waiting for the Bubble to Pop!
Then they will have to use cash and manager their finances at that point
I get why they think they have to carry over credit card debt each month. One time I paid them off completely, and whatever I charged each month I continued to pay off. So, the credit bureau just thought I stopped charging period, and my score dropped. Technically the credit cards knew I was still using them, but it seemed that if the bureau couldn't report a charge and then a pay off the next month it just assumed I wasn't using them and lowered my score. 🙅♀
If you pay off your CC debt each month, they need to work infinitely harder to soak you for coin. You'll be punished for it. The system is stacked against you no matter WHAT moves you make. 🙄
Trust me; I've been pretty much debt-free for decades. It's brought me nothing but poverty and trouble, lol! 😂🤣😂 But it's good to know that no matter what I do, I cannot get ahead nor am I permitted to break FREE. Because of this, I stopped bothering to play the game of existence. I simply do not care anymore. Life or d34th, this or that, event X or Y this week or next... meh... NBD. 💪😎✌️
is this inflation adjusted?
I’m 27 and I’ll admit that everyone in my age group is regarded when it comes to money.
Nice. Now let's look at Federal Reserve balance sheet.
The wealthy and powerful are permitted to ignore all laws, regulations, guidelines, budgets, etc. They don't count. I mean, the story of the incredible, intelligent, all-powerful, all-knowing Chump family should tell you everything you need to know! Ya gotta be like THEM. Literal Gods and Goddesses amongst peons and plebs. We're lucky that they exist on this mortal plane.
Gen z don't care becuase they know they can just use the bankruptcy card lol.
Gen Z : Mom, if you don't mind, I'm a little busy right now achieving financial independence.
Mom : With credit card loans?
Gen Z : No, through savings and wise investment.... Of course with credit card loans!
This is getting scary.
If you pay off all your credit card every month, carrying nothing over, the banks will start offering you loans without your asking. This allows you to even negotiate lower rates than advertised because they're coming to you for business
This is stupid as far as the data. Having 16% DTI is really good if you’re a homeowner, but really bad if you’re not. They need to differentiate between mortgage debt and non-mortgage debt.
Poor gen Z; the prices are high thats why they cannot get rid of debt or even purchase food without credit. Who cares about the min or max??! They are phase out they want to enjoy their lives but cannot really with nothing being low cost or free. They always want to charge them an arm and leg for everything. I'm a millennial I learn and search around cuz i was abled to in my day but these kids cannot catch a break. Car needs repairs or bike whatever they use even the bus routes I've noticed be charging not for weekly rides but for monthly or daily. Even there they are phase out...ebikes are like more than $900 ridiculous?!
Dollar plus stores disappearing. Self checkout too.
Well it’s true coming from a genz
I’m lucky enough to pay my credit card every week and have great credit BUT inflation just keeps going up, not down
The value of the dollar is trash now.
Soon we won’t we won’t be able to afford food cause if inflation
Calm down boomer 😅
@@76ersALLDAYokay, zoomer
Am zoomer too
Internet doomerism 😂
@@santostv. fr but he kinda has a point tbh. Why are Doritos $7 now? They were $4 in 2019
Man that 20,000 auto debt is a big number
That is baby size. I wish I could cut off 30% of my down to get to that number right now lol.
Gen-Z "talks about budgeting" and they don't spend money on anything as a result .... except for gaming/DVR things, memberships for stuff that just involves talking to robots and Uber Eats all day/everyday....thats why they are in debt but the crazy thing is, they are indebt with things that are considered electives🤣 Not essentials .I'm a borderline millennial/ Gen-Z woman who recently got my debt under control but I know SO many of my peers who would be on the street if their parents were not alive🙄 I kid you not smh
They’re the ones talking about they need to know about finances in school etc etc. yet still they don’t understand or want to understand the basic financial concept of “NOT SPENDING MORE THAN YOU EARN.” Smfh
I agree with April. Some of us know how to use money and others don’t. And the ones that don’t are the one with the Uber Eats/outside to eat, going to cruises, buying new clothes for their 100 wardrobe, have many subscriptions, etc. 💯
@@Billy-rc7xg You just admitted to a $9,000 used car. You think you're too good for a used 2001 honda civic for $2,000
Majority of women your age would be on the street if it wasn't for only fans and having kids so welfare protects them.
Financially literate younger women spotted 😊🔥🍷😍
It’s called doom spending you people don’t understand. I’m 25 I’ll never own a home I’m barely getting anew car a this year. Rent is 40 percent of my income
I don't want to hear them crying over debt for school. No one forced them to go to college they can't afford. That goes for everyone!
Yeah, but the gov rather spend it on israhell and lamekrain than their own people.
I absolutely agree with this. I am a non traditional student going to a private school. I waited 12 years to get money and enhance my skill in my degree program to make sure I get a full paid. My tuition is 65k and don't pat single penny. I spent my 20s in my field getting RL experience that helped me get my scholarships. It's sad seeing people throw their life's away simply for education. Horrible ideology.
College/Uni's put on a very high pedestal that other forms of school are seen as inferior. This is done on purpose so the loan sharks can rip off these kids who have little to no financial literacy to begin with.
Yes, but their spending habits are atrocious. Just watched a financial audit video of a broke 23 year old who spent over $900 at Taco Bell in a month.
So sad $900 for garbage food.
I had a friend whom spend half of her paycheck on star bucks
Very normal, I have a buddy who calls me on his commute sometimes and I’d say it’s a 1/3 chance he’s at a drive through ordering. So 10 days a month one meal, 12 bucks. 120 just on random commute meal that isn’t the only thing he will eat all day 😅
What is the capital of NJ and CA ? If you got that right you stand a chance of good credit, if you had no idea, whats your score ?
Artificially low interest rates punish everybody
You need more income to pay immediately upon bill arrival- or don't use credit cards
Pay it in full or don't use it!
It's quite simple
My daughter who has about 40,000 college debt, and just graduated from college, was given a credit card by USAA with a 10000 limit! She makes 40000 and lives at home. Let’s be real, the banks know what they are doing and hope to get young adults addicted to easy credit…
Gen Z here, I live better than my parents and I’m not relying on debt, however the insight I can give is you have parents who have money but use it sparingly and miss out on life, so when you grow up with that you want to enjoy your life by however you can
Best thing i ever did was pay off my college debt in 2 years…and then my car in 2-3 years…all of this was between 2016 and 2020 so right before the pandemic….it means i have no debt whatsoever
It’s so odd being in my generation because I see so many of my fellow gen z people who are struggling but then there seems to be just as many who just have money coming out of no where, well turns out we all know why.
Inflation is the reason why Gen Z is in debt. The cost of living keeps going up and salaries are not going up.
I'm 37. There numbers increasing sounds bad but this is just looking at nominal numbers. If you take inflation into account the balances are less in real terms with the exception of mortgages.
They gots to have their Luis Vutton
I think mortgage shouldn’t be included in the list of these ‘debts’ since it’s a way to build wealth unlike those other debts
it's still debt lol
this guy didnt mention srudent loan
Student loans are easy to pay off. Graduated 2018. Paid off all 46k in 2022
@@thedude5040 how is that? we talk about 1,7 trillion dollars,
@mininigenovesi7333 millions of people with $X0.000s of students loans = 1.7 trillion USD. I was on of the average persons and simply paid back the loans I borrowed from the federal government. You have to remember in America, 90% of all student loans was borrowed directly from the federal government. Zero banks were ever involved.
@@thedude5040cool story.
@@prolific1518 Yep.
you got this gen z you're the future
there's a reason why Gen "Z" is the last generation
Horrible advice. No credit cards. No debt. Make a budget.
Sounds like you have it all figured out, tough guy. But I doubt your four short sentence fragments hold any legitimate meaning or actual authority.
You can be responsible and do those things with a credit card. It's my only line of credit atm and I never missed a payment while being within a budget. Just remember to look at your budget regularly and pay attention to your cash flow.
Mortages are triple what they said
No, we don’t say to carry a balance every month. You don’t understand it either, like most Americans. We say to let the balance post on your statement, and then pay it off IN FULL every month.
As long as tax payers aren’t on the hook to bail them out…spend away Gen Z
2+2= 4,000,000! Huh?
"We out here"
Poor economics. Read the book. It just shows we are poor
I would say your auto debt number is way off. It’s way higher 💯
If you use inflation adjusted dollars they have less debt than millennials… The cumulative rate of inflation from 2013-2023 according to the Bureau of Labor Statistics is north of 30%.
Exactly. The only category that is actually more is mortgage. Nobody seems to want to talk in real terms, probably because of the shock value of nominal numbers.
Im just gonna keep taking out credit cards and loans and lice like a king. As long as i make minimum payments, im set.
I live in a 4,000 sqft house with a pool and hot tub. I drive a $70,000 Lexus. I eat at 5 star restaurants at least twice a week ans i vacation to europe every year. I have a total of over $160K in total debt but come on. Im NEVER gonna repay it 😅😅😅
O yea this depression will be a great reset 👍🏿
this is obvious as inflation rises. there is only way and it is up. data would be better showing debt relative to income. this data does not show much
Inflation 2.7% a year? Think he misplaced a decimal
2.7 is the long term average you dunce
Can't go into credit card debt if you don't have a credit card. #DaveRamsey
Or as Caleb hammer says, most people are not a credit card person. I've never paid a cent of interest my entire adult life, but many people are not able to have absolute self control with a credit card. Often my card is 40-90% maxed out, but it doesn't matter because my checkbook has 12x the limit in cash. I do find myself more often just using a debit card for big purchases.
Why do fo Americans have to rely on debt in the first place??
Millennial Reasonable Life: food, rent/housing, occasional entertainment, vacation every 2-3 years.
GenZ Reasonable Life: eating out for every meal, owning a 2500 sf home, vacation in Cabo every year, luxury brand clothes.
Sounds about right. My gen z cousins and siblings sadly have unrealistic standards when it comes to their lifestyle.
Uber,Uber eats,fast food, parties every weekend, I want it i buy it type of mentality when it runs out just ask family for “loans” 😂
Me at Gen Z with a $40,000 credit line across 5 credit cards, a $915 balance across that line and a 771 Credit Score....
I have a 776 with only $7.4K line I don’t need anymore than that I rarely spend anyways. I save and invest most of my money as a Gen Z
KENNEDY IS THE REMEDY 🇺🇸
The i want to live lavishly and enjoy my life generation. Theyre going on vacations, paying hindreds of dollars for concerts and shows, getting houses and cars way too expensive. They are terrible at managing their finances
Yep right I’m gen z and I’m 16,000 in debt now 10,000 of that is a car loan but still
Be aggressive and pay it down. That’s a debt that can be easily crushed. I’m begging tenant to be in the 10’s right now 😂
He said it. The YOLO attitude. They are entitled and want what their parents worked 30 years to have.
They didn’t “work” for it, many of the Fang stocks that were $$7 to $10 in 2010 are now worth $700 or more. Houses have gone from $400,000 in 2006 to 2.2 million today in my neighborhood in San Francisco. These aren’t results of “hard work”, they are results of being born at the right time as so to be able to invest in assets that are massively over inflated.
@@heyaisdabomb exactly. And now while I live below my means and invest my money into those same assets, they will almost certainly not gain anywhere near the returns that boomers got. Easiest life ever was to be born a boomer and just buy any kind of asset, and get rich easily.
GenZ are the only ones sane enough to realize it's ridiculous to do actual work at this day and age: Don't like a lot of things about them but at least in that they got it right.
This comment section is riddled with people that are allergic to deep diving into the financial elements that plague all citizens in this country. Poor people making fun of other poor people. Sad
The social contract is so hopelessly broken for Gen Z that they'll grow up just to tear it all down. We have the Boomers to thank for it; the most fortunate and prosperous generation that used their power to ensure it stayed that way at everyone else's expense.
Here it is…it’s all the Boomers fault. They make Gen Z use DoorDash, buy new cars, spend lavishly on experiences. Yes, always someone else’s fault. They bear no responsibility
@@steveguillory7568as a millennial I just copped a bunch of rice a roni 90 cents a box and it’s not like I eat the whole thing in a sitting. 5lb bag of potatoes, 5 bucks or less. Buy butter only when on sale. Oil and spices last for long periods. Look for clearance meat that can be made within 48 hours, freeze if 72 or more, wash rinse repeat. Cheap af, just requires regular shopping trips and homework
@@Saixjacket did the same thing starting out. Lots of kraft mac n cheese and top ramen. Sometimes that’s the only way to make it to the next paycheck.
@@steveguillory7568 ramen is kind of expensive though, and Mac n cheese is calorically terrible for you, same as ramen. People on ramen noodle diets bother me because there are better cheaper alternatives 🤣. Ramen noodles are Stockholm syndrome, you shop for deals, not stereotypes!!!
@@Saixjacket well this was 40 years ago and top ramen was cheap. You’re right though. Not great for you but we knew less back then and as I said, it was cheap and stretched the budget.
I'm favoured $130k every 4 weeks! I now have a good house and can afford anything and also support my family
Wow that's huge, how do you make that much monthly?
I'm 37 and have been looking for ways to be successful, please how??
Yeah, since meeting expert Evelyn, I now agree that with an expert managing your portfolio, the rate of profit high, with less risk.
I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance
She's a licensed broker here in the states.
😱Sounds familiar, I have heard her names on several occasions.. And both her success stories on wall street journey!
Gen Z is Doom Spending. We know the collapse is near, Social Security and Retirement funding will run out so we will not be able to retire at all. So might as well live now or never
Well, that a dumb plan.
@@spankyssurprise1361 as someone who saves and invests, I'm not so sure anymore. The demographic projections look pretty grim, the future may be very difficult with so few workers and so many old people.
@@nicolasgirard2808 Oh for sure but why make it more difficult?
Of course they are. They must have constant fancy vacations, $6 coffee drinks and live in expensive urban apartments.
This is build back better. Y’all didn’t like the mean tweets and the world stability and a good economy so here we are. World war 3 on multiple fronts and a broke economy. Don’t complain you voted for this.
What a bunch of disingenuous garbage
did you tell them, to never fall for that s. to own it. to buy the home.
And Gen Alpha will be worse
Rinse em
The minimum wage in Texas is 7.25. The average rent in Texas is $1600 a month. Gen Z isn't lazy, dumb or "big spenders" they literally can't afford to live. How are they supposed to get work experience and rise up the ladder, spend within your means or save when you have $300 every month to pay for food, gas, entertainment, utilities, phone bill, internet... Like no wonder this generation wants to give up... its impossible to survive within the current conditions of the labor market
Penury, here we come.😊
I YOLO Party on ......
Just spend your money, because there's no future 😂
real
My family made millions investing in houses in Hawaii, San Jose and Merced. They all graduated from medical school and graduate schools.
😂 the same people that say the cant live on minimum wage...
It's literally impossible smooth brain. Minimum wage qualifies for government assistance. So basically taxpayers are subsidizing corporations (even more).
Get involved or grow a garden, anyone can join a community garden 🌿🍃🍃🍃🍃🍃🍃🍃!.
I am all for enjoy life and buy the things because YOLO But, BUY it in "CASH." because thing about it this way, you already lost the money and set it on fire.
Your are not paying the payments on the after burn of the cash you burned.
You will sleep like a baby, knowing that you paid it in cash.
I'm shocked at how many americans just willingly bought into the idea that everyone should be in debt. Even when i i was only 18 i understood that having no debt would make life less stressful.
cool