![]() That's exactly what Gen Z has done since they've emerged from the pandemic as the new "it" generation. This is the life stage when a new generation enters the spotlight because they're old enough to begin exerting influence, Jason Dorsey, who runs the Center for Generational Kinetics, a research firm in Austin, Texas, recently told Insider. The 24-year-old Gen Zer has influencing powerĪs the oldest millennial has entered middle age, the oldest Gen Zer has become a trendsetter. The affordability crisis they're facing may trigger policy changes such as wiping out student debt, which lawmakers are currently debating. Many are still burdened with debt, like student loans. Migration out west and to the Sunbelt has been an economic boon for bigger cities in the region, while the " Great American land rush" has seen millennials snap up nearly every starter home on the market.īut there's also something to be said for the 40-year-old millennial who can't spend very much because they haven't financially recovered from the Great Recession. Not only is this homebuying spree injecting needed money into the economy, it's reshaping the real estate market. ![]() Most 40-year-olds have a mortgage, making them the tip of the generational spear that is leading the pandemic housing boom. ![]() That means they're the ones doing a whole lot of spending on big ticket items, like housing. ![]() Account icon An icon in the shape of a person's head and shoulders. ![]()
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