You speak of “heavy lifting” without reading the article explaining in part how the economy may be impacting these choices.
Choosing not to drive then is an incorrect headline whereas unable to afford driving would be more accurate.
Agreed. Moreover, I’d like some more insight in the consumer patterns of Gen Z. A pie chart would be nice including groups like eduction, healthcare, subscription services, entertainment, etc.
I have a feeling, without the data, that a lot of young people are spending way more on novelty and entertainment things than ever before while they’re complaining about not being able to afford things.
IDK why, but this reads like just about what every generation says about a younger generation: bad decisions, worse with money etc.
Even if Gen z were spending a larger percent of their income on luxury items, I’m certain it pales in comparison so their lower average income and higher average housing costs.
Everything I’ve seen has said that Millenials and younger are spending more on experiences and less on things, but also that their purchasing power is much weaker than their parents’ was at the same age. Millenials, I think, have about half the purchasing power as the Baby Boomers did in their 30s and 40s.
Also of note that I just saw the other day is that the price of cars has jumped up about 30% since 2021.
So, not exactly what you’re looking for, but some of the stuff I’ve seen/heard that probably plays contributing factors to this.
Entertainment Things Are cheaper than they were decades ago whereas housing and Health Care are way the fuck more expensive. Back in your day a computer equivalent to an iPhone cost as much as a house whereas today even a basic house cost what a supercomputer did back in 1965