Gen Z isn’t ok—that’s the official diagnosis from Oxford Economics, following a deep dive into the generation’s economic prospects. Indeed, the no-hire no-fire labor market, coupled with the asset headwinds of unaffordable housing and low wage growth, means the youngest entrants to the labor market could face “long-term scarring.”

But the outlook for Gen Z isn’t just affecting these young individuals; it’s having wider ramifications for the economy as a whole. A new report from Oxford Economics not only reveals the level of activity lost because Gen Z cannot enter the labor market, but also the cost of them still living with their parents and consuming less as a result.

The report, titled ‘The kids aren’t alright’, describes how $12 billion a year is being lost because younger people are

See Full Page