Gen Z's financial angst underlies shift to the right
axios.com
axios.com
I would hate to be a kid today. The majority are going to have it tougher than the last 3-4 generations. No job security, not enough jobs, housing out of reach, Uni too expensive without loans and if you graduate, corporations game IT contract work / H1B's at the expense of kids getting out of Uni.
People want change but, I'm afraid they're going to get, the kind of change they don't need.
Need to make sure every kid who wants an education can get an affordable one and that there are no 3 million H1B's and their spouses working in the USA. India needs to stop exporting its poverty to the USA but, I doubt the politicians will go against their corporate overlords.
https://www.epi.org/publication/h-1b-visas-and-prevailing-wa...
https://www.epi.org/publication/new-evidence-widespread-wage...
I have seen good-paying jobs disappear for our youth. Every company I walk into there are entire floors of Indians working. These are some of the biggest corporations in America. These Indians are not citizens but either contract or H1B employees.
I get it. Things really suck right now. Social media has ruined an entire generation's childhood. But millennials faced these same challenges, if not more so. Demanding that you need to be a one-percenter to be financially comfortable is just so off base that it's beyond comprehension. I'm well into my life and career, and I don't even see an expectation of a half or even a third of the Gen Z number as realistic. And again, the shift to the right is basically like they've asked themselves "how do we make it worse for ourselves?". Do they really think one-percenters want to share their piece of the pie?
Edit: None of these remarks about any particular person and are commentary about the aggregate generation as described by this survey. I perfectly understand that Millennials and Gen Zers have been handled a terrible hand. But I have to admit that I am frustrated with Gen Z bending towards the right in this recent election and with their inability to be realistic in any way whatsoever if the results of this survey are to be believed.
Huh? Is this supposed to be sarcastic?
All the cited sources, basically concludes that the performance of the economy is almost entirely based on factors beyond the control of the President or Congress.
Which makes sense. The economy is complicated, and people will change based votes on their feelings. The Economy is also notorious for lagging indicators. Political parties often blame their circumstances on the "last" administration.
I'm dealing with technical debt and decisions that were entrenched 30 to 40 years ago in many cases. Extrapolating the realities of my experience in different business and technical environments informs me that it's really not this simple.
These articles don't really help people understand economics, they are designed to sell you a certain belief.
I thought "they" was referring to "Gen Zers" (which didn't make sense Gen Z has never been in power) but I guess in "shifting to the right" "the right" was meant as a group rather than a direction (i.e. embracing the right wing rather than moving rightward) and "they" was referring back to that.
> But millennials faced these same challenges
In my experience, each generation consumes content produced by members of the previous generation
Gen Z tends to consume Millenial and Gen X produced media. This is why Millenial and Gen X coded shows like 30 Rock, Community, Parks and Rec, The Office, and others had such staying power with our generation.
In Millenial and Gen X media, there are often jokes about Boomers (as in actual baby boomers born in the 40s and 50s) being able to get a job without a degree and afford a house.
What this means is a lot of us Gen Zs have an unrealistic expectation of society, as if the world 60-70 years ago was the status quo until recently but our parents (who are GenX or Millennials) would have never lived in that kind of world.
Gen Zs are not going to enter the writer's room until 20 years from now, and then we'll provide a similarly warped view to kiddos.
> “What we found was a really strong connection between feeling badly about your money situation and how much time you spend on social media,” Isabel Barrow, director of financial planning at Edelman Financial Engines, told CNBC.
https://finance.yahoo.com/news/social-media-reason-millennia...