One Gen Z voter in Minnesota stated, “Ever since 2020, I just feel like it goes downhill from here.” According to a recent survey, Gen Z young adults are “struggling to remain optimistic” about their economic futures as growing living expenses and prohibitive housing prices force them to reevaluate their goals.
The Star Tribune was told by Tashianna Allen, a 25-year-old Minnesota paraprofessional who lives with her mother, “Ever since 2020, I just feel like it goes downhill from here.”
In an interview with a Minnesota newspaper, young individuals acknowledged that they feel less confident about accomplishing financial goals like homeownership or stability of income after 2020.
Despite having full-time jobs and living in shared flats with friends, Jami Mistic, 26, and Courtney Kujala, 27, told the newspaper that they had both had difficulty making ends meet and buying food during the previous several years.
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“It can be very frustrating because people don’t understand what it’s like,” Mistic stated. “I’ve been ‘middle class’ my entire life, but I haven’t felt that way.”
For many Americans, the cost of groceries, transportation, and rent continues to be unbearably high. According to the Labor Department’s most current consumer price index (CPI) data, prices increased 2.9% year over year in July and 0.2% from the previous month. Nonetheless, the data indicated that inflation had not been this low since March 2021.
In November, Gen Z voters will continue to prioritize addressing inflation, just like those of previous age groups.
In a recent early-July U.S. News poll, almost two-thirds of Americans between the ages of 18 and 34 in seven swing states ranked the cost of living and inflation as their top concerns.
Should they win in November, Vice President Kamala Harris and former President Trump have both promised to down exorbitant costs for customers.
This week, Harris announced a pricing control proposal that her team said would lower the exorbitant cost of groceries.
Under the idea, businesses that set unreasonably high prices for food and goods would be subject to severe fines from the Federal Trade Commission and state attorneys general.
During the Republican National Convention in July, Trump also unveiled his own economic platform, which called for increasing oil production in the United States, boosting tariffs on foreign nations, and doing away with tip taxes.
