IMO this it just a very bad hit piece. It's just picking whatever fits its narrative.
> The average 25-year-old Gen Zer has an annual household income of over $40,000, more than 50% above the average baby-boomer at the same age.
Might be worth mentioning that this isn't inflation corrected. Oh and of course averages don't tell the whole story.
> Gen Z’s economic power was on display at a recent concert by Ms Rodrigo in New York. The mostly female teenagers and 20-somethings in attendance had paid hundreds of dollars for a ticket. Queues for merchandise stalls, selling $50 t-shirts, stretched around the arena.
That says literally nothing about the economic power of a whole generation.
> In 2022 Americans under 25 spent 43% of their post-tax income on housing and education, including interest on debt from college—slightly below the average for under-25s from 1989 to 2019.
Aren't way more Americans up to 25 still living with their parents, compared to previous generations, because of the high housing costs? I imagine living with your parents is much cheaper than any other housing option.
> Their home-ownership rates are higher than millennials at the same age.
Well, millennials had a worse start for sure, however what about home-ownership of other generations at that age?
> Gen Zers are also producing fewer innovations. According to Russell Funk of the University of Minnesota, young people are less likely to file patents than they were in the recent past.
I’m fairly sure that the first figure you referenced is still inflation adjusted. The average salary in 1975 was $7600; the math is pretty self explanatory.
> The average 25-year-old Gen Zer has an annual household income of over $40,000, more than 50% above the average baby-boomer at the same age.
Might be worth mentioning that this isn't inflation corrected. Oh and of course averages don't tell the whole story.
> Gen Z’s economic power was on display at a recent concert by Ms Rodrigo in New York. The mostly female teenagers and 20-somethings in attendance had paid hundreds of dollars for a ticket. Queues for merchandise stalls, selling $50 t-shirts, stretched around the arena.
That says literally nothing about the economic power of a whole generation.
> In 2022 Americans under 25 spent 43% of their post-tax income on housing and education, including interest on debt from college—slightly below the average for under-25s from 1989 to 2019.
Aren't way more Americans up to 25 still living with their parents, compared to previous generations, because of the high housing costs? I imagine living with your parents is much cheaper than any other housing option.
> Their home-ownership rates are higher than millennials at the same age.
Well, millennials had a worse start for sure, however what about home-ownership of other generations at that age?
> Gen Zers are also producing fewer innovations. According to Russell Funk of the University of Minnesota, young people are less likely to file patents than they were in the recent past.
Fresh off the press this got apparently debunked: https://www.unibas.ch/en/News-Events/News/Uni-Research/Resea...
I could go on.