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Income isn't the only measure of wealth. Also, there are two major expenses affecting Gen Z: 1. Education 2. Housing Both have been increasing at a rate fast

Income isn't the only measure of wealth. Also, there are two major expenses affecting Gen Z: 1. Education 2. Housing Both have been increasing at a rate faster than inflation for some time now. While Gen Z may have a greater income, their major expenses are even greater. When all is said and done, they're poorer as a result. Turns out that simply having money is insufficient to solving all financial problems.

Manuel_D 2y ago
No, even in real-terms, Gen Z (in America) is shaping out to be the wealthiest generation so far: https://www.economist.com/cdn-cgi/image/width=600,quality=80,format=auto/content-assets/images/20240420_FNC345.png https://www.economist.com/cdn-cgi/image/width=600,quality=80... Gen-Z is also owning homes at a greater rate than Millennials were at the same age: https://www.economist.com/finance-and-economics/2024/04/16/generation-z-is-unprecedentedly-rich https://www.economist.com/finance-and-economics/2024/04/16/g... > Bolstered by high incomes, American Zoomers’ home-ownership rates are higher than millennials’ at the same age
lenerdenator 2y ago
Also, healthcare and childcare.
- taylodl 2y ago
  Great point - the cost of childcare is insane right now! But at least the states using the force of law to make women carry their embryos to term will be paying for it, right? Right?
  - HumblyTossed 2y ago
    [flagged]
- grugagag 2y ago
  Food is starting to cost a bit too, especially if one wants to avoid eating badly.
- m_fayer 2y ago
  Right now, the ideal political-economic platform will de-emphasize inflation, inequality, etc. all in favor of the five horsemen: housing, education, childcare, eldercare, healthcare. It doesn't matter how cheap iPads and gasoline are - as long as the five persist, life is an anxiety-inducing gauntlet of financial trials-by-fire for most people.
boringg 2y ago
Knowledge and intelligence is a greater measure of wealth

Manuel_D 2y ago

No, even in real-terms, Gen Z (in America) is shaping out to be the wealthiest generation so far: https://www.economist.com/cdn-cgi/image/width=600,quality=80,format=auto/content-assets/images/20240420_FNC345.png https://www.economist.com/cdn-cgi/image/width=600,quality=80... Gen-Z is also owning homes at a greater rate than Millennials were at the same age: https://www.economist.com/finance-and-economics/2024/04/16/generation-z-is-unprecedentedly-rich https://www.economist.com/finance-and-economics/2024/04/16/g... > Bolstered by high incomes, American Zoomers’ home-ownership rates are higher than millennials’ at the same age

lenerdenator 2y ago

Also, healthcare and childcare.

taylodl 2y ago
Great point - the cost of childcare is insane right now! But at least the states using the force of law to make women carry their embryos to term will be paying for it, right? Right?
- HumblyTossed 2y ago
  [flagged]
grugagag 2y ago
Food is starting to cost a bit too, especially if one wants to avoid eating badly.
m_fayer 2y ago
Right now, the ideal political-economic platform will de-emphasize inflation, inequality, etc. all in favor of the five horsemen: housing, education, childcare, eldercare, healthcare. It doesn't matter how cheap iPads and gasoline are - as long as the five persist, life is an anxiety-inducing gauntlet of financial trials-by-fire for most people.

boringg 2y ago

Knowledge and intelligence is a greater measure of wealth