‘The kids aren’t alright,’ warns top economist, as unemployed, pessimistic Gen Z living with parents blow a $12 billion hole in consumption
Gen Z isn’t ok—that’s the official diagnosis from Oxford Economics, following a deep dive into the generation’s economic prospects. Indeed, the no-hire no-fire labor market, coupled with the asset headwinds of unaffordable housing and low wage growth, means the youngest entrants to the labor market could face “long-term scarring.” But the outlook for Gen Z … Read more
