SOSCAST with Adam Sosnick SOSCAST | EP 11 | Millenials in Crisis, Tiktok Finance, Elon Musk, Bitcoin & NFTs
Feb 9, 2022
Discover how millennials and Gen Z are shaping the U.S. economy and facing a housing crisis from debt and market challenges. Dive into the reliability of financial advice on social media and how TikTok is tracking congressional trades. Learn about Elon Musk’s time budgeting techniques for productivity. Explore the current landscape of Bitcoin, the buzz around NFTs, and tax implications for digital assets. Plus, get essential money habits and budgeting tips to guide your financial journey.
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Younger Generations Now Drive The Economy
- Millennials hold the largest share of the U.S. workforce and purchasing power right now.
- Gen Z influence skews trends because they're the tastemakers shaping consumer behavior.
Student Debt And 2008 Stunt Homeownership
- Student debt is a major reason millennials delay homeownership.
- The 2008 recession also harmed millennials' early earning and saving trajectories.
Choose Rent Or Buy Based On Life Stage
- Rent if you need flexibility, mobility, or expect career/location changes in 3–5 years.
- Buy if you are stable, stationary, plan to stay 5–10+ years, and have low other debt.
