As the U.S. economy sees increased inflation and interest rates, many young adults are finding themselves sinking deeper into debt. Catey Hill, managing editor for MarketWatch Picks, joined CBS News to discuss how accumulating debt could have a long-term effect on Gen-Z Americans.
#genz #news #debt
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A lot of people — not just gen Z — don't understand how interest works.
They learned from their parents and watching the fiscal responsibility of their failed government
I'm "thankfully" a Gen X, but uh… This country's government should maybe also work on not only their debt, but their habits instead of politics… It's not just Gen Z's or even Millennials fault…
It’s not just Gen Z
They vote to be poor
Maybe dont glorify debt as a solution? Couldnt get “RAISE YOUR CREDIT SCORE and WHAT COLLEGE ARE YOU GOING TO/WHAT ARE YOU MAJORING IN????” for the longest time. Its a culture problem.
This messaging is insidious and erosive. The news anchor literally just ridiculed and dismissed previous generations who paid their own way…
Let's not dish on Gen Z..our government is borrowing 72 grand a second
Gen z's troubling relationship with consumption and chasing status symbols….. rappers are not role models
"I did that!" -Joe Biden
All they want to become Social Media influencers. Go and get a real job.
Look at how much money they have sent to Ukraine. Who will pay for it? The American taxpayers. Nothing is free.
Sounds like they did not learn math in the Public schools.
didn’t they vote for this.
Going to college now is like buying a freakin' house ????
Bidenomics did that.
Given that so many people today want "free" money from the government, it's not surprising that many people don't know how to manage their debt and credit.
Would love to better understand why it’s highly recommended to not use retirement funds/401k?
Off topic why do we have generations names for?
Doesn’t seem to bother our government.
Specifics would have helped the argument. What is the per capita debt of Gen Z? And how does this compare to what older generations had at the same age intervals?
You mean GEN Z having to afford a life with underpaid jobs.