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Yet, theyre making more money whencompared with their older millennial and baby boomer counterparts.
There are mixed feelings overwhether Gen Z is considered rich or poor these days and heres why.
Here are four reasons which explain the confusion, according toNew Trader Uand The Economist:
1.
Many are still reeling from the pandemics economic impacts.
These factors have made it more challenging for Gen Zers to get ahead.
Gen Z Faces a Challenging Job Market
The pandemic resulted in serious job losses and fewer work opportunities overall.
How much more you might ask?
That being said, the cost of living is much higher today than whenmillennials and boomerswere the same age.
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