"Homes cost five times more than the median income, up from around three times back in the 1990s, according to Harvard's Joint Center for Housing Studies."
"Young recent college graduates are seeing higher unemployment rates than the overall population, something that hasn't happened for decades."
"This generation is socking away money at three times the rate young people did in the 1990s, with a 36% increase in young adults having retirement accounts."
"Despite the public handwringing about the value of higher ed, recent data have shown that median pay for young people with bachelor's degrees is 59% higher than that of those who graduate from only high school."
Gen Z encounters financial difficulties, including high housing costs and student debt, with first-time homebuyers now averaging 40 years old. They also face higher unemployment rates than previous generations. Despite these challenges, Gen Z is saving money at three times the rate of the 1990s and has increased investment participation significantly. Median incomes for young adults have risen by 19% since the 1990s, and college graduates earn 59% more than high school graduates, with many confident in their education's job readiness.
Read at Fortune
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