Gen Z: Who is Gen Z?
Gen Z was born in 1997-2012. The average age is about 21. Most are not yet in the housing market.
Social Security: Less than 1 in 4 rely solely on Social Security
A majority of Social Security recipients have a pension, retirement accounts, interest/dividend/rental income, and 1//3 have a working spouse.
A note: Gen Z versus the Baby Boom
In the past several weeks, some social media has seen a flood of generation hate posting. This looks like a coordinated propaganda campaign - from some politicians.
Economy: Unemployment age 20-24, 25-34
Much doomerism about unemployment among young workers-but it is at normal historical levels. But data lags real time.
Economy: 1 in 6 Oregon residents rely on SNAP
Benefits vary greatly by family situation and state.
Education, Demographics: Getting into college simplified as pool of young people dries up
As the pool of young people shrinks, the college application process and getting accepted gets easier.
Education: Comparison of past tuition to today
College costs are high, but many options are not as high as some may think they are.
Economy: The real reason people are falling behind on payments and debt? Living for the present?
Post Covid there has been increase in "living for the present" as people realized they might be postponing experiences for a future that does not come.
Economy: Vox says Gen Z isn’t having the worst possible time in history
Social media says Gen Z is screwed and they are going through the worst time in history. Vox, though, says this is not true.
Personal finance: Perhaps this blog should focus on making wise economic choices?
The past few days, I've encountered people making poor economic decisions - that seem obvious, but for whatever reason, they were not obvious to the individuals.