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
That's Generation Alpha, the kids that have been born between 2010 and this year.
Learning that Gen Zers were using credit cards so much worried me.
And it made me want to learn more about the bad habits that could leave Gen Z to overspend.
We'll learn about those habits after the break.
The inflation is killing me.
But who cares?
Big retailers are making record profits.
That's why we support the Durbin Marshall credit card bill.
See?
While increasing megastore profits.
They deserve it, don't they?
In order to learn more about Overspending by Gen Z, I talked to Dr. Lisa Fortuna, Chair of the Council on Children, Adolescents, and Families at the American Psychiatric Association.
She said Gen Z faces a lot of financial anxiety due to the economic hardships that they are going through.
And Gen Z can create some harmful ways to cope with their anxiety.
For example, some people avoid looking at their bank balance, which means you won't know how much you're spending or if you're spending too much.
That last part Lisa mentioned is what's commonly called revenge or doom spending, spending money on excess purchases to cope with anxiety.
When Gaia took her trip to Thailand, she says she was fully aware of the debt she would have by taking the trip.
We've discussed a lot of things that Gen Z is coming up against, but there's an upside here.
Because of their experiences with credit and debt, Gen Z is becoming more and more financially literate.
In fact, Corbridge Financial, a retirement and insurance provider, conducted a study that found Gen Z is starting financial planning earlier than previous generations.
Showing 161–180 of 291 · page 9 of 15
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