Gen Z faces unprecedented economic shocks that threaten the American Dream, economist says
By
Jennifer Liu, Ashton Jackson
Summary
Gen Z (ages 14-29) is facing unprecedented economic and social shocks — including the Covid-19 pandemic, the Great Recession's aftermath, and rising costs — that may make them the first U.S. generation in living memory where a majority cannot achieve the American Dream. Labor economist David Blanchflower argues that no generation since the Silent Generation has suffered as much cumulative shock, with education and social development stunted by the pandemic, and that the traditional bargain of the American Dream is eroding for young people.
Source
bskyGen Z faces unprecedented economic shocks that threaten the American Dream, economist saysshare.googleKey quotes
· 3 pulled'This bargain is eroding'
'No generation in the U.S. since the Silent Generation... has suffered quite as much shock as Gen Z'
'Gen Zers... have seen their education and social growth stunted by the Covid-19 pandemic'
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