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The Fox News Rundown

FOX Business Rundown: Gen Z Is Giving Capitalism — And Christmas Shopping — The Cold Shoulder

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.41.7K Ratings

🗓️ 19 December 2025

⏱️ 14 minutes

🧾️ Download transcript

Summary

It has been talked about — and meme’d about — all year: Generation Z is struggling economically. They’re being priced out of the housing market, having trouble finding stable jobs, and are saddled with significant debt. And while President Trump performed well with young voters — winning 46% of Gen Zers last year, including 56% of young men — in 2025, there appeared to be a shift to the left. Throughout the year, we saw more signs that Zoomers are embracing socialist-leaning views. The surge of progressive candidates, like Zohran Mamdani — who won last month’s New York City mayoral race — reflected a focus on “affordability” and policies such as free bus service. According to a Gallup poll released this past September, young adults generally — but especially younger Democrats — are cooling on capitalism. Only 31% of Democrats under 50 now have a positive view of it, compared to 54% in 2010. FOX News’ Kaylee McGee White joins FOX Business’ Taylor Riggs to break down why Gen Z is rallying around socialist ideas — and what can be done to help young people achieve the American Dream. Plus, they discuss why Gen Z isn’t big on buying holiday gifts, and what the best and worst presents are to receive. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

This episode is brought you by Shopify. With Shopify, 2026 is the year you make it happen. It gives you the tools to build your dream store, online and in person. Plus with marketing built in, it'll help you reach exactly who you need to. Join the millions who've already made the leap, like Jim Shark and all birds, and ring in the new year with Shopify.

0:23.3

Sign up for your £1 per month trial at Shopify.com.uk.

0:27.7

I'm Taylor Riggs, and this is the Fox Business Rundown.

0:45.3

Friday, December 19th, 2025. While the holidays are supposed to be the time forgiving,

0:53.0

many Gen Ziers, well, it seems to be more about receiving as they warm up to socialist ideas.

0:55.6

If young adults are iced out of the housing market,

1:00.1

if they're iced out of the job market, they're not going to have as much investment in the system and they're going to be much more willing to burn it all down. It's been talked and

1:04.9

memed about all year. Generation Z is struggling economically. They're being priced out of the housing market, as we learned

1:12.8

recently, the median home buying age just hit an all-time high at 59. Young people also face

1:20.2

challenges in the job market, as many companies are cutting entry-level jobs due to economic pressure,

1:26.5

and of course, the rise of AI.

1:29.2

And let us not forget about all the debt they carry.

1:33.3

And while President Trump performed well with young voters, winning about 46% of Gen Ziers last year,

1:40.8

including 56% of young men, in 2025, there appears to be a shift left. This year,

1:49.7

we saw more and more signs that Jen Ziers are embracing these socialist views, as we've seen the

1:55.1

surge of progressive candidates like Zohren Mumdani, who won last month's New York City mayoral race, really focus on the

2:02.6

issue of affordability and push ideas like free buses.

2:07.1

And according to a poll out this past September, young adults generally, and especially

2:12.6

young Democrats, they are cooling on capitalism.

2:16.3

Now, only 31% of Democrats under the age of 50 have a positive

2:21.0

view of capitalism. That's compared to 54% in 2010. This sentiment is also being echoed by young

2:28.6

celebrities. Recently, actress Amanda Seafreed said, socialism is a gorgeous idea. So what's behind this trend?

...

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