Tadeo Ruiz Sandoval
speaker
291 appearances
3 recordings
1 series
first heard Aug 2024
last heard Aug 2024
Tadeo Ruiz Sandoval’s voice in public audio — every appearance, attributed to the second.
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Appearances
Hello, I'm Tadeo Ruiz Sandoval for The Wall Street Journal.
This is a special edition of Your Money Briefing on Gen Z's growing debt for Sunday, August 25th.
Each time I look at the $30,000 I owe, mostly in student loans, I feel sick.
It feels like it's too much to pay off.
And I felt the same way every time I saw how fast my generation was racking up debt.
I questioned whether there was a way to get out of this debt hole.
But when I talked with WSJ personal finance reporter Oyen Adedoyen, everything changed.
Scrolling through TikTok, Instagram and other social media, Gen Zers were sharing their debt stories with each other and giving tips on how to budget and invest money.
I thought maybe Gen Z has found a way to regain control of their finances.
This is Gen Z and the Debt Trap, a three-part series that looks at why this generation is accumulating debt so fast, what can be done to slow the growth, and how our debt could affect everyone else.
In part two, we learned about the harmful habits deepening Gen Z's debt and the consequences other generations could face because of it.
In our final installment, we'll talk about financial literacy, why it's important, and how Gen Zers can use it to tackle their debt and prevent collecting more.
This is part three, Stop the Bleeding.
More on how Gen Z can recover after the break.
20-year-old Mackenzie Somerville says she regrets a lot of decisions she's made.
Decisions, she says, led her to lose her car.
At 15, Mackenzie got her first job at a sandwich shop, earning $11 an hour.
She says that's when bad habits crept up.
In high school, she got enough scholarships to cover a full ride at the University of Tennessee Chattanooga to become a meteorologist.
But in her first semester in fall 2021, she says she felt a lot of academic and personal pressure that led to her mental health deteriorating.
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