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When it comes to saving, Gen Z asks: 'What’s the point?' That's dangerous, expert says (www.cnbc.com)

submitted 2 months ago by MicroWave@lemmy.world to c/economics@lemmy.world

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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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[–] jjjalljs@ttrpg.network 13 points 2 months 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.