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Economics / Gen-Zers Slide Deeper Into Debt As Bidenomics Failure Crushes America's Future L
« Last post by Ptarmigan on May 08, 2024, 09:04:25 PM »Gen-Zers Slide Deeper Into Debt As Bidenomics Failure Crushes America's Future Leaders
https://www.zerohedge.com/markets/gen-zers-slides-deeper-debt-bidenomics-failure-crushes-americas-future-leaders
The Gen Z'ers are sliding deeper into debt. Bidenomics has made it much worse.
https://www.zerohedge.com/markets/gen-zers-slides-deeper-debt-bidenomics-failure-crushes-americas-future-leaders
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It may seem crazy, but here's some advice for heavily indebted Gen-Zers:
Put down the smartphone.
Stop spending on DoorDash and Uber Eats.
Perhaps cancel a few streaming services.
Also, the spending party is over despite calls from the White House to cancel student debt.
The rising debt load Gen-Zers are carrying is alarming. The average credit-card balance for 22- to 24-year-olds was $2,834 in 1Q23, compared with an average inflation-adjusted balance of $2,248 in the same period in 2013, according to Wall Street Journal, citing new data from credit-reporting agency TransUnion.
The youngest generation is coming to age during a time when Bidenomics has been a complete failure, and these kids are spending themselves in financial ruin.
The Gen Z'ers are sliding deeper into debt. Bidenomics has made it much worse.