Economist Podcasts The Intelligence: The kids are alright, turns out
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May 2, 2024 
Callum Williams, a Senior economics writer at The Economist, discusses the surprising financial resilience of Generation Z, revealing them to be the wealthiest generation yet despite common stereotypes. Shashank Joshi, the defence editor, delves into India's advancements in MIRV missile technology, highlighting its implications for regional security and the global arms race. Together, they explore shifting job prospects, economic challenges for younger generations, and the broader geopolitical landscape shaped by nuclear advancements.
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Gen Z's Financial Status
- Gen Z is the richest generation in history, financially outperforming previous generations like Millennials and Boomers.
- This financial stability is influencing Gen Z's work preferences, allowing them to prioritize better conditions and wages.
Gen Z's Labor Market Advantage
- Despite narratives of struggle, Gen Z enjoys low youth unemployment and high wage growth, exceeding previous generations.
- This favorable labor market empowers them to negotiate better terms and conditions with employers.
Gen Z's Income and Housing
- A 25-year-old in the US earns around $40,000, 50% higher than Boomers at the same age.
- Gen Z is entering the housing market earlier than Millennials despite high costs due to higher earnings.