Gen Z's Financial Crisis: Stagnant Wages vs. Soaring Costs

Gen Z's Financial Struggle: Stagnant Wages and Rising Costs of Living In a recent TikTok video, thed3list, a prominent online influencer, highlighted the financial difficulties faced by many young people, particularly Gen Z. The video, which has garnered significant attention, centers around the claim that Gen Z's top job priority is pay and salary, a fact supported by a GenGuru cofounder. The video uses statistics and examples to illustrate the increasing cost of essential goods and services, while wages remain largely unchanged. Many young people are resorting to "buy now, pay later" schemes and are maxing out their credit cards just to cover basic expenses, thed3list noted. "Many people are using buy now pay later just to afford groceries," thed3list said in the video, emphasizing the severity of the situation. The video also touched upon the issue of limited job opportunities for entry-level positions, further compounding the financial strain on young adults. The video serves as a stark reminder of the economic challenges facing Gen Z and the need for increased wages and more affordable living costs. The creator's call to action, directing viewers to his Substack, suggests a deeper dive into this issue is available for those seeking further information.