Why Gen Z is Sinking Deeper into Debt Amidst Inflation
- Miguel Virgen, PhD Student in Business
- Oct 31, 2024
- 5 min read
Updated: Mar 14
January (Doctors In Business Journal) - As inflation continues to rise across the globe, many demographics are feeling the pinch, but perhaps none more so than Generation Z. This cohort, typically defined as those born between the late 1990s and early 2010s, is facing a unique set of challenges that contribute to mounting debt levels. From skyrocketing living costs to the impact of student loans and the pressures of consumerism, the financial landscape for Gen Z is increasingly precarious. This article explores the reasons behind Gen Z's increasing debt and the factors that exacerbate their financial struggles amidst rising inflation.
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