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But things might not be as bad for Gen Z as they seem.
Members of Gen Z are projected to spend more on housing costs like rent, mortgages, insurance, and utilities after inflation between the ages of 22 and 30 than millennials did, a recent RentCafe analysis found.
Related storiesYet Gen Z's typically higher earnings mean they'll only spend an estimated 30% of their income on housing compared to 36% for millennials.
AdvertisementSuccess may be short-livedIt's worth digging into why Gen Z is doing well financially.
Persons:
—, Gen Z, Z, boomers, Gen, millennials, They've, lockdowns, Zeds
Organizations:
Service, Business, Reserve, millennials