Gen Z pays more for housing and has more debt than millennials did 10 years ago. Gen Z pays more in housing costs than millennials did a decade ago, according to WaPo. More than a decade after the Great Recession and over four years since the beginning of the COVID-19 pandemic, Gen Z is now enduring its own economic challenges. Debt accounted for 16% of Gen Z income at the end of 2023, whereas debt among millennials only accounted for 12% 10 years ago, the Post reported. And whoever finds a way to address Gen Z concerns and craft potential solutions effectively will likely emerge as the presidential victor in November.

Source: Washington Post June 24, 2024 02:05 UTC