Gen Z Is Falling Deeper Into Debt

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 9 May 2024

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Americans in their early 20s are saddled with more credit-card debt than people their age in previous generations. Wall Street Journal personal-finance reporter Oyin Adedoyin joins host J.R. Whalen to discuss how they accumulated so much debt, and ways to pay it off. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Oracle.
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0:29.0	Here's your money briefing for Thursday, May 9th. I'm J. R. Whelan for the Wall Street Journal.
0:37.0	Many young Americans hoping to make it on their own as they enter the workforce are finding it harder and harder to make ends meet.
0:47.0	They're starting out with more credit card debt than generations before them.
0:51.0	During the pandemic, many people got wealthier.
0:54.0	Stimulus checks and pauses and payments like student loan payments and some rent payments
0:59.0	really helped people to save up money.
1:01.0	But for Gen Z, many of those things have reversed like student loan
1:04.9	payments and this period of high inflation that we've been seeing over the past two
1:08.8	years have really made it harder for those who are trying to establish
1:12.3	themselves post-graduation into adult life.
1:15.2	We'll run the numbers with our personal finance reporter Oion Adadoyan, after the break. AI may be the most important new computer technology ever, but AI needs a lot of
1:39.6	processing speed and that gets expensive fast.
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1:45.3	Oracle Cloud Infrastructure or OCI.
1:48.6	OCI is the single platform for your infrastructure,
	...

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