Thursday, May 9, 2024

Generation D

They're the debt generation:
“Housing inflation has proven to be one of the stickiest components to drive up the cost of living, with rents outpacing salaries in all but six of the top 50 metropolitan areas,” reports Yahoo Finance. “Rising food prices and heavy student loan debt also factor in as young Americans are forced to tighten their belt by reducing expenses to their essentials.” Maybe these idiots should stop moving to metropolitan areas. TransUnion reports that “these higher [housing] costs matched with their entry-level salaries have forced [the] young people” what we call Generation Z, born between 1997 and 2012, “to rely much more often on expensive forms of revolving lines of debt—such as credit cards—to make ends meet.” “This is a generation that is feeling financial stress in a more acute way than millennials did a decade ago,” one researcher at TransUnion told the Wall Street Journal.
Now they know how adults feel...

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