Gen Z & the Debt Trap, Part 1: A Wounded Wallet
In the first episode of our three part-series “Gen Z & the Debt Trap,” we explore a Credit Karma report that found Gen Z is accumulating debt faster than any other generation. To learn more, we’ll meet Kyle Dillon, a 22-year-old Gen Zer who after leaving home to pursue higher education, accumulated tens of thousands of dollars in debt. We also look at a TransUnion study to see how Gen Zers’ paychecks can’t keep up with inflation, creating dependency on using credit cards. Plus, the St. Louis Federal Reserve shares a surprising advantage Gen Z has over other generations. Tadeo Ruiz Sandoval hosts.
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In the first episode of our three part-series “Gen Z & the Debt Trap,” we explore a Credit Karma report that found Gen Z is accumulating debt faster than any other generation. To learn more, we’ll meet Kyle Dillon, a 22-year-old Gen Zer who after leaving home to pursue higher education, accumulated tens of thousands of dollars in debt. We also look at a TransUnion study to see how Gen Zers’ paychecks can’t keep up with inflation, creating dependency on using credit cards. Plus, the St. Louis Federal Reserve shares a surprising advantage Gen Z has over other generations. Tadeo Ruiz Sandoval hosts.
Sign up for the WSJ's free Markets A.M. newsletter.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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