Bidenomics is hitting every generation. These cost increases are hitting Americans, young and old—from Baby Boomers to Gen Z and Millennials. No one is unaffected. Older Americans are either retired or getting ready to retire and realize their savings are insufficient. Younger Americans find their post-college salaries not enough to pursue the American dream. Forbes shared some critical data on why various age groups say they are living paycheck to paycheck: - Gen Z: 64% cite high living expenses, and 58% mention low income as reasons they live paycheck to paycheck.
- Baby Boomers: 64% are struggling with the cost of living.
- Millennials and Gen Z: Both groups highlight low income as a key issue.
The bottom line: Americans, whether starting or ending their careers, struggle to live the American Dream. Imagine working for decades only to find your savings eroded by inflation. Or going to college, only to discover your paycheck can't keep up with rising costs. Let’s reignite the American dream for people in their golden years AND the younger generation. Getting ahead right now is tough. Let’s not allow Bidenomics to make it tougher. |