Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Gen Z is struggling financially with low income and higher debt-to-income ratios than Millennials did when they were their age, according to a recent study.from TransUnion, a consumer credit reporting agency, which surveyed 614 Gen Z adults currently between the ages of 22-24, and 623 Millennials who had been between the ages of 22-24 ten years ago, found that Gen Z adults were facing a tougher situation financially that Millennials did years ago.
During 2013’s Q4, Millennials were found to have a debt-to-income ratio of 11.76 percent, while Gen Z adults had a DTI ratio of 16.05 percent during 2023’s Q4, according to the data. TransUnion’s survey also found that when it came to credit card balances, Millennials had a balance of $1,708, which when adjusted for inflation was $2,248. During 2023’s Q4, Gen Z adults had credit card balances of $2,834.
This survey comes as recent polls have shown that 48 percent of younger voters between the ages of 18 and 34 have indicated that they wouldvoting for former President Donald Trump in the upcoming 2024 presidential election, compared to 52 percent who said they would support President Joe Biden.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Report: 80 percent of low-income San Diegans spending more than half their income on rentThe San Diego County Affordable Housing Needs Report says funding is down for subsidized housing and more homeless options are needed
Read more »
More New Yorkers struggling with rising food prices as costs outpace income, poll saysA new poll has found that 85% of New Yorkers say the cost of food is rising faster than their income.
Read more »
13 Important Life Lessons From Gen X, Millennials And Gen ZThe more you know.
Read more »
Signs you may be struggling with not showing that you're struggling.Do you worry that you're functioning only because of high-functioning anxiety? Learn the signs of high-functioning anxiety and what you can do about it.
Read more »
What I Want My Gen-Z Kids To Understand About My ‘Overprotective’ Gen-X ParentingI think a lot of us are reacting to how they were raised, just like I did.
Read more »
Influencer warns Gen Z is becoming 'Gen Terrorism' as TikTok takes 'ominous turn' after Oct 7Comedian and social media influencer Zach Sage Fox breaks down his concerns over how antisemitism and anti-Israel content are spreading on TikTok.
Read more »