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In this example, is the young person living in their own apartment? Young people in the US can save up extraordinary amounts of money if they live with their p
by legitster 3y ago
In this example, is the young person living in their own apartment?
Young people in the US can save up extraordinary amounts of money if they live with their parents or have an affordable roommate situation. And there is a huge US travel industry aimed just at young people.
- dublinben 3y ago>Young people in the US can save up extraordinary amounts of money Can they actually though, at the median? There's always outliers, and the US is the land of uncommon opportunity, aka wealth inequality. Cursory research shows that young people (i.e. Generation Z)[0]: * Their average salary was $32,500 in 2021 * 46% are living paycheck-to-paycheck * Nearly 40% have no investments * They have on average $20,900 in student debt, 13% more than Millennials * Over a quarter of are not confident that they will be able to retire comfortably [0] https://finance.yahoo.com/news/gen-z-average-net-worth-224840608.html https://finance.yahoo.com/news/gen-z-average-net-worth-22484...
- legitster 3y agoAre there any comparison statistics for Swedish Gen Z? Aside from student debt, these are all pretty dang good averages for people in their 20s.
- paddim8 3y agoYes. Sweden has a very high rate of single person households. A young person can usually live in their own apartment if they work full time. Probably not in the dead center of a big city, but nearby.