Gen Z’s financial struggles will impact the presidential election. As the election approaches, the economy has emerged as a top concern for Gen Z voters, with 18% citing it as their primary issue in a recent poll. It’s likely driven by factors like Gen Z spending more on housing and car insurance compared to previous gens at the same age. Housing costs have increased by 31% over the past decade, and it’s well-established Gen Z is holding a heavy debt burden, with 16% of their income going towards debt repayment, compared to 12% for Millennials a decade ago. (Business Insider)
📊 YPulse data: 54% of potential 18-24-year-olds voters say economy / inflation will impact who they vote for in the upcoming election
