Economics/Class Relations

Gen Z’s finances are tanking

Nicholas Carlson, November 23, 2022
Hello, Insiders. Young Americans always get crushed by economic downturns. The Great Recession, for example, hit millennials with a tough job market, wage stagnation, and rising costs of living. Some are still reeling.


Now, as inflation takes its toll, young Americans are once again feeling the squeeze. They’re still spending, but their savings are going down and their debt is going up. The rate of delinquency on credit card bills and car loans is rising faster than it has since the 2008 financial crisis.


If you’re a Gen Z or millennial with a growing credit card balance or the inability to pay your bills, and willing to share your story, please let us know at

And a quick programming note: Tomorrow is Thanksgiving! We’ll still be in your inbox with a shorter edition, and back with our regular newsletter on Friday. Hope you have a great holiday.

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If Gov. Ron DeSantis doesn’t get his 2024 decision right, he risks peaking too soon — or wasting his time.


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