Gen Z Is Struggling To Stay Alive
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The Matt Kohrs Show
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RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
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I Cannot stand how the news has been dogging Jen Z and calling them lazy for not wanting to work at 9 to5 for the rest of their lives. Let me put it in perspective for everybody who's a little confused here. Okay, 5 days out of the week, 40 hours a week? Okay, I Do not make enough to live on my own I Would not make enough to pay rent, water, electric, and eat all by myself I would not be capable of doing that 20 years ago when you were getting started. You could live on your own.
20 years ago when you first started started, you were able to do everything that I am now struggling to do. Let me add another perspective here. You've been working for 20 years. You have 20 years of working experience behind your belt.
You have 20 years of experience in a career that has allowed you to gain raises to get more money to profit you. In an economy that you created, you could sit here and you can call Jen Z lazy all you want but I've been working my tail end off just to barely make it by and respectfully I Don't want to do that for the rest of my life I Don't want to work my tail end off wasting all of my life working just to barely be able to pay my bills and that is what you created not. Jen Z We're just here getting started. You've been doing it for the last 20 years.
You tell me how it got ruined. We can sit here and we can call Gen Z lazy all you want. But you let the economy turn into what it did. You let it all run to hell.
and now it's Jen Z's fault because we don't want to work to fix your mistakes. All right. I Agree with most things, but there's one thing I definitely don't agree with. So first of: should we call an entire generation lazy? No, you can't throw a blanket statement.
So is all Gen Z Lazy. That's not a fair assumption. Probably like every generation, you have lazy people and you have people who are a little bit more motivated or potentially very motivated. So I don't know about calling all Gen Z lazy so don't agree necessarily with that.
and I don't think anyone should do it. Uh, her statement of the current I guess like older group? uh, really? I'll We'll just put it on the politicians because they're the people who are in charge of making these decisions. Really? Since 2008, we've prompted serious inflation. That's what happens when you print to the tune of what was it? $8.9 trillion when you flood the money supply like that.
Of course there's going to be horrific inflation and when prices and like for working don't keep appreciating at the same rate. Well, the net difference is even worse off. So what she was saying and we hear this all the time of the appreciation of things like College of yeah, all of a sudden that goes up and pays going up as well, but not at the same rate so it's not the same rate ratio. Things on a relative basis are becoming more expensive.
Then you really dove into the concept of like housing and living by yourself. And to me, this is one of the most interesting. like measurements every year, every decade, whatever, however, time frame you want to look at it, you could always break down what is the average income? the median income versus the percentage of that being spent on housing. For a lot of our time, we kind of hover around 18 to 20% That is kind of what it's about. You spend about about a fifth of your income on housing. Recently, that spiked closer to 40% as in the ratio of pay and then really what you're spending on housing whether it's rent or your mortgages, anything like that that's actually doubled. So that's bad. So she does bring up a fair point that even though we getting paid more, the relative rate we're paying for everything else is more expensive.
The one thing that I disagree with is when she's saying just because I work 40 hours I should be able to live I Don't agree with that at all. We have very very I guess different skill sets within the job Force within the labor force and we also have just very different jobs your pay is going to be very much associated with very much correlated with high supply, low demand, high demand low Supply that type of a thing. Obviously, not everyone out there is going to be a neurosurgeon, so there's lower Supply we have a certain demand. it'll get paid accordingly now.
Obviously on other things where there's a high Supply and a low demand, well, they're not going to be paid as much I Am a big big believer that there are certain jobs within the US economy that you're not meant to survive on. I Think many jobs are more so thought of as like oh, this is like a training wheels job so you can learn what it's like to be a true professional within the US economy I Don't really know what she did I saw that she was wearing a Walmart thing and at Walmart there's all levels. There's people at Walmart making billions and then there's people all the way down making like minimum wage. But this concept of being able to survive on minimum wage I Don't agree with it because not everyone getting paid minimum wage is like you're not.
You're learning, You're not really doing anything. you're kind of like learning how to be in like I guess America The job Force So like that lower end like I Think back when I was in high school, the jobs that I had I wasn't worth minimum wage I Barely knew what I was doing. Now obviously if you are getting paid minimum wage and you're paying for kids and rent that's extraordinarily difficult. but this just concept that just because you're working you like automatically should be able to to pay for anything I Don't agree with that because sometimes we have low demand.
High Supply Jobs that just the Market's not going to price it that way. um, and then vice versa. You could get a job that takes a very high skill set. there's low Supply super high demand and you're going to make a ton of money.
So I don't think it's fair on any of this just to throw a general blanket I Think it has to be almost taken Case by Case by case and I think it is a fair point that some jobs America and globally I think should be thought of as like no, this is kind of a training job where you're taking like whatever, a teenager and you're trying to teach them how to properly act and be within the workforce. And that's not necessarily like worth as much as like a director, a manager, a president. I I Just don't see it that way.
That's a little absurd. All jobs should allow you to live on your own. She is right, why is it okay that our boomer parents were allowed to do so, but we are not? What's the point of working otherwise? School gets you ready for any job, being on time, having deadlines for work to do, and being rewarded higher for higher quality of work. That's where we get our training… and for no pay, might I add
She probably voted for biden and is a feminist
Why is she only working half a week ?
IDK every generation had a challenge, My parents started their family during the financial crises of the late 70s early 80s. Their first home mortgage had a 17% interest rate — now-a-days that would be considered criminal; but that was the reality for that generation when they started out.
Hold on why is she angry with us? People make choices, we aren't responsible for her choices. We used to have home economics in middle school, with a lesson on the household budget. I keep trying to tell my younger family members they don't have the freedom to make mistakes like prior generations, frankly its too much competition. With 8 billion people on the earth, its hard to stand out! So yeah, more competition for college admissions, more competition for the same (if not fewer) job openings, more competition for the few 'advancement' opportunities — its just too many people. And we are stuck between a rock and a hard place, because without immigration continuing to add more people — the economy collapses
I am from Germany and the general philosophy here is that humans are no machines. In contrast to the economy, which works best with machine like people who do the same stuff all the time again and again. Likewise, I can understand the person here. The economic and maybe social situation she lives in has outsourced the human needs too much. In Germany we call it Humanistic or simply work-life balance. I don`t recommend to go too much into work only mode, this can make people really unhappy the longterm and will produce longterm costs for society later on. Of course humans are often times more capable than than they think. Pressure is needed to become a strong person in life.
This where these kids are wrong. We all had to go through having roommates. I couldn't afford a life until I brought one into this world and stopped being lazy.
Its called overtime or two jobs
Shes working at walmart and wondering why she cant make it?….. how about you put your big girl pants on and get a real paying job. Well paid jobs suck but they pay. Get a labor job. Brick laying, utility worker ,welder or electrician. Everyone wants a cozy inside job. Put on some work boots 👢 you'll get by fine. Or work with the nerds if you want a "cozy" job and learn computer software. Also yes the economy is crap we have inflation but what do you expect when ppl at fastfood and walmart want 20$ hr.
All that crypto
You shouldn't have voted Democrat. Your parents shouldn't have voted Democrat. Your grandparents shouldnt have voted democrat. Your entire family let the federal reserve and globalist government ruin the wealthiest, most successful country in the history of the planet. Dont complain now, this is literally what you were all fooled into.
I graduated high school in 2005. At the time I worked full time and made $5.25/hr. Gas spiked to over $4/gallon in 2008 and it took everything I had to just to get by. At that time I couldn't live by myself. So it does rub me the wrong way to hear people just starting acting like they're especially victims. That said, it hasn't been "easy" ever, but it is definitely getting worse. Best advice is keep on working and opportunities present themselves. Enjoy the ride.
20 % of Z'ers bring one or more parents to Job Interviews and when poled 53 % of Employers say after interviewing Gen Z'ers its clear they are not ready to for the workplace…It's why Employers are no willing to pay more to get older workers
Myself being a man in his early 50's who paid off his mortgage in 2015
and weathered the lockdown financial storm very well, the last few years
I've noticed a whole lot of Gen Z'ers online openly admit to preferring to
having an OF account in replacement of working a regular job.
This generation has no shame and no hope. I'm so glad I'm not part of this
lazy entitled shiftless generation that is approaching a wall that they hope
that if they ignore, that it may go away.. and they aren't even doing anything
about it.
This girl takes no responsibility for voting for "socialism" so I feel nothing for
her.
I'm 54, working 40 a week and can't afford life either. Thanks Biden.
Sorry walmart is not a job to say you live off of , not McDonald's, or any of that retail jobs are not made to be able to live on your own , not in my lifetime and I'm 40
Lower your spending girl
My life improved when I quit my job. Instantly started making tons of money.
Richest Man in Babylon
You can top it off with outsourcing jobs to 3rd world for cheap labor, bloated real estate prices that they're literally bringing an ex president to a courtroom for when they'll never bring countless other friends of theirs that they receive massive amounts of lobbyist money from to a similar trial. We have to accept the reality that: if people weren't in various ways, conning the wealth out of the country, you probably could afford some kind of minimal housing and basic living standard with a full time minimum wage job. It's an artificially broken supply and demand scenario, we fail to house and feed the US population for very specific reasons, 'most of which' can be sourced to an untrustworthy political class, wall street, bankers, hedge funds, real estate firms and a wealthy elite h***bent on ensuring they retain a greatly reduced tax rate, tax loopholes and first dibs on grants and government contracts.
Wasn't it gen z that thought it was a good idea to join with the BLM riots even though we tried to tell them they were being manipulated? They were one of many tools to create these circumstances.
Well i don't agree with your bullshit supply/demand theory. People should be rewarded for working and making an honest living. I wouldn't want those people to end up on the streets because they are not "skilled enough" or start mugging people or selling drugs to make $. Look around you Matt, are you telling me all these people barely making ends meet have no skills or don't work hard enough? The people who lived 50-70 years ago did NOT have more or better skills and did not work harder than the people in the workforce today yet back then the husband could afford to pay all the bills for his wife, kids, mortgage, gas, food, etc. You're comparing apples to pineapples.
The only issue i have with what Matt said is that these low paying jobs arent being worked by teenagers. If you go into any small town in america or even big cities these low paying jobs are being occupied by older people. There are far more of these jobs in the market than higher paying advancement opportunity jobs. If i walk into my local grocery store there will be a few teenagera there in the evening, but still even then its mainly adults. If a system requires adults working the majority of jobs to seek secondary employment to afford to simply survive then somwthing is wrong
"I don't want to work 40 hours" Pssh welcome to being a grown up.
When I started in the work force minimum wage was $3.35 per hour. Gasoline was about .60 per gallon. That was 40 years ago. Now I'm a grandpa making $29.00 per hr. and things are still tight here money wise . Meemaw and I get by but not by much . Meemaw also has a part time job. She brings in a couple hundred per week. The intrest rates hurt as they doubled for us. Increased our mortgage payment quite a bit.
Being young and broke is nothing new. Too many videos like this. Besides people are not meant to be/live alone.
Wages have been stagnant for 70 years. Yes, everything has gone up, but wages.
It's not that goods and rent have gone up. it's that the value of the note has gone down.
50 years ago, you could afford a car, a home, and feed a full family on a basic wage job anywhere. Now? The whole family needs a masters dagree and 100+ years experience for a min wage job
Gen Z is indeed lazy. She complained of working only 40 hours a week. My parents had to work 2-3 jobs just to make ends meat. I work 2 jobs. That's life.