Gen Z is Doomed!
Peter talks about how mainstream media is catching up to what we've known for years: Gen Z is facing a financial disaster. CNN reports that Gen Z is earning less, has more debt, and has higher delinquency rates than Millennials did at the same age. The pandemic, inflation, and lagging wages have hit them hard. Since 2013, average debt for those aged 22-24 has risen by 40%, with significant increases in auto loans and credit card debt. Even with the lowest income, Gen Z is opening new credit cards at a record pace. With rising delinquency rates and a preference for "buy now, pay later," the financial future looks bleak.
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DISCLAIMERS/TERMS/RULES:
► I am not a professional financial adviser, nor do I offer financial advice. This video is for entertainment only. Please consult your investment and tax experts for financial advice.
#DoomSpending #EconomicStress #FinancialCrisis