this post was submitted on 07 Jun 2025
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Economics

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Many feel frustrated by a tough job market and worried about debt, experts said.

Gen Z seems to have a case of economic malaise.

Nearly half (49%) of its adult members — the oldest of whom are in their late 20s — say planning for the future feels “pointless,” according to a recent Credit Karma poll.

A freewheeling attitude toward summer spending has taken root among young adults who feel financial “despair” and “hopelessness,” said Courtney Alev, a consumer financial advocate at Credit Karma.

They think, “What’s the point when it comes to saving for the future?” Alev said.

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[–] makeshiftreaper@lemmy.world 87 points 1 month ago (1 children)

The generation that lived through 3 "once in a lifetime" economic disasters doesn't trust their money will be there when they need it. Gee I wonder why?

[–] assembly@lemmy.world 37 points 1 month ago

Their share of disposable income is incredibly low. Picture someone 40 years ago with a much higher percentage of disposable income, of course they would be more into saving…they were able to save AND actually buy stuff once in a while. Gen Z has the option of saving OR paying rent.

[–] nman90@lemmy.world 22 points 1 month ago

I don't blame then, when everything is getting so expensive you have such a high risk of going bankrupt if you want to buy a house why would you. When all of our social saftey nets, social security included, are at risk and the average life expectancy is going down and you have to work for the rest of your life even if you save money, why would you. I may not be a part of that generation but i feel like when all you got to look forward to in life is nothing but work, you don't feel like you have much to live for so you are going to make it as enjoyable as possible and hope you die early enough that it doesn't matter that you didn't save money.

[–] sunzu2@thebrainbin.org 20 points 1 month ago

These slaves don't care to slave! RHEEEE

[–] jjjalljs@ttrpg.network 13 points 1 month ago
  • Climate disaster
  • Rise of Fascism (again)
  • AI poised to replace many jobs, especially entry-level
  • Education increasingly expensive
  • Healthcare increasingly expensive, and in some cases being made unavailable (eg: vaccines, abortion, gender related stuff)
  • At least one ongoing genocide

Yeah, it's a hellscape, and a lot of people refuse to do anything about it. Or they're making it worse on purpose.

The rich have fucked it all up.

[–] BlameTheAntifa@lemmy.world 8 points 1 month ago (1 children)

So far, nobody has provided a point that isn’t “you’re fucked, the rich want you to be fucked, and there’s nothing whatsoever you can do about it”.

[–] HasturInYellow@lemmy.world 4 points 1 month ago

There is always the use of excessive violence. Always a good backup.