Cost of Living Crisis
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Trump 'shown more disregard' for economic well-being of young people than any president: Elson
MSNBC· 2025-09-19 20:32
Economic Struggles of Gen Z - Youth unemployment is at 105%, double the national average [1] - About one in three young adults still live at home [1][10] - 70% of Gen Z loses sleep over financial stress [1] - College costs are 42% of income compared to 13% for their grandparents [11] Political Implications - Political figures resonating with Gen Z address economic struggles directly [1][5][6] - Affordability, financial hardship, and the housing crisis are key issues [6][8][9] - Young people voted for Trump because they thought he would fix economic problems [7] - Political leaders need to pay attention to what young people are saying [8] Proposed Solutions and Criticisms - Zoning reform and quality immigration reform are potential solutions [16] - The current president has been criticized for exploding the debt by $4 trillion and reigniting the cost of living crisis [13] - The current president oversaw the most unaffordable housing market in American history [13] - 600,000 people lost around $4 billion on crypto [14]
Turkey’s economic woes are catching-up with Erdoğan | FT #shorts
Financial Times· 2025-07-15 04:01
Turkeykey's economy, once tipped to repeat the success of South Korea's transformation, is in a rut. The reason is the tough measures needed to rescue the country from the balance of payments crisis it faced 2 years ago. But the arrest this March of Istanbul mayor and star opposition politician Ecram Imamolu made matters worse.It led to mass riots and caused the financial panic which forced the central bank to jack up interest rates again. Around a thousand domestic companies have filed for bankruptcy so fa ...