Why Young People Are in So Much Debt

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It’s not all in your head. Younger generations really are struggling more than their parents. And it’s not just one factor leading to the rise of financial struggles - it’s a whole host of them. Watch the full video: How Gen Z Ended Up in So Much Debt 👉 Younger Americans face a financial crisis. Their growing debt burden has far outpaced that of older generations, and it’s only getting worse. Generation Z is being hit the hardest, thanks to lower income and the rising cost of everything from food to housing. Bloomberg takes a look at the roots of this problem, and whether anything can be done. #Debt #Economy #Finance #GenZ #Millenials #Money #Generations #Wealth #Finance #Income #Housing #Inflation -------- Like this video? Subscribe: Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel Bloomberg Quicktake for global news and insight