Part 2/10:
The financial struggles of Generation Z are palpable. Young adults today find themselves grappling with escalating living expenses that make independent living seem almost impossible. From skyrocketing rents—average weekly rates now approaching $450 for basic accommodations—to essential costs like groceries that have become increasingly unaffordable, Gen Z individuals report dire financial strains even while earning above the federal minimum wage. A staggering 47% of Gen Z members have faced job losses or reduced pay during the COVID-19 pandemic, which has left long-lasting scars.