Economic Challenges Facing Generation Z
A recent study shows 1 in 3 members of Generation Z have no income and a poor economic outlook. This has led to a decline in mental health and will likely impact their ability to afford homes, save for retirement, or start businesses. College enrollment rates have decreased as more young people opt out of four-year degrees due to cost, but high-quality education is still accessible online for free or at a fraction of the cost. The study suggests building supportive communities to bridge care gaps for mental health.
Key Points
- 1 in 3 Gen Z members have no income and a poor economic outlook.
- College enrollment rates are decreasing as more young people opt out due to cost.
- Access to high-quality education online for free or at a fraction of the cost.
- Building supportive communities can help bridge care gaps for mental health.
Pros
- Access to high-quality education through online resources like Kahn Academy and Ivy League courses.
Cons
- 1 in 3 Gen Z members have no income and a poor economic outlook.
- Decline in mental health among Gen Z due to economic challenges.