Gen-Zers Slide Deeper Into Debt As Bidenomics Failure Crushes America’s Future Leaders

Zero Hedge | May 8, 2024

It may seem crazy, but here’s some advice for heavily indebted Gen-Zers:

• Put down the smartphone.
• Stop spending on DoorDash and Uber Eats.
• Perhaps cancel a few streaming services.

Also, the spending party is over despite calls from the White House to cancel student debt.

The rising debt load Gen-Zers are carrying is alarming. The average credit-card balance for 22- to 24-year-olds was $2,834 in 1Q23, compared with an average inflation-adjusted balance of $2,248 in the same period in 2013, according to Wall Street Journal, citing new data from credit-reporting agency TransUnion.

The youngest generation is coming to age during a time when Bidenomics has been a complete failure, and these kids are spending themselves in financial ruin.

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