Youth

Washington Post - Move over, millennials. There’s a new generation being walloped by the economy. Generation Z has been disproportionately pummeled by rising prices, higher housing costs, larger student loan balances and more overall debt than the millennials before them. While both generations came of age in the midst of an economic upheaval, Gen Z is spending more on necessities than millennials did at the same age, according to a Washington Post analysis of Bureau of Labor Statistics data. While millennials are between 28 and 43, Gen Z generally refers to those ages 12 to 27.

Washington Post - Young adults are spending more on housing and car insurance than millennials did, a new Post analysis shows. They’re also more likely to be in debt, despite higher wages.  Higher credit card and student loan repayments have an immediate cost. And, in the longer term, it will become even more difficult for young people to buy homes.