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Gen-Zers Slide Deeper Into Debt As Bidenomics Failure Crushes America's Future L

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Ptarmigan:
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


--- Quote ---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.
--- End quote ---

The Gen Z'ers are sliding deeper into debt. Bidenomics has made it much worse.

Old n Grumpy:
And having their student loans forgiven and being bailed out from that, I guess they figure if they can’t pay their credit card. Somebody will bail them out from that debt. But they’re gonna be a generation of OWN nothing and be satisfied with that. Rent an apartment lease, a car or call Uber rent some furniture give all your money to banks and rental companies.

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