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The Pandemic of Inequality

... How systematic socio-economic discrepancies in the U.S. are impacting young adultsIncome inequality has become an increasingly important issue affecting Americans today, but the dramatic discrepancies between the rich and the poor are leading to devastating effects, expanding way beyond the economy. From employment to education, health outcomes to housing, the widening wealth gap has a ripple effect that not only hurts low-income individuals and the middle class, but economic aspirations for ...

The Right Moves

... issues. One man in NYC even sublet his apartment to live on the streets of the city in his RV, within walking distance of his more permanent residence. I haven't done so, but I am familiar with the concept of tiny houses. The ones on wheels are interesting because of their ability to be mobile and not fixed to one location which I find appealing, and that generally the cost is a basis for doing this. PATRICK, 24, UKThe same trend—mobility as an option, but cost as a motivator—has sprung ...

The Media & Entertainment Perspective

... An exploration of how Covid-19 is inducing new consumer behaviors and perspectives around media & entertainmentMore than 4 in 10 young people say their entertainment habits and routines have changed during Covid-19, with nearly half of Gen Zs saying this. Throw in boredom as a factor—with schools closed, job losses and furloughs, and the vast majority being stuck at home—and the numbers spike to about half of young people who say they don't have enough to keep them busy changing up ...

The Relationships & Community Perspective

... them a more global outlook. Accordingly, young people’s penchant for eLationships bled into their romantic lives, as they adopted apps to make digital connections to test the waters before diving in to an in-person date (yes, this nearly created the Tinder-pocalypse, but young people muddled through the pitfalls of digital dating and now leverage it to their advantage). Even familial relationships took a digital turn with young parents, who were raised in the digital era themselves, adopting ...

The Retail & Spending Perspective

... time to monitor the effects of the pandemic is that Millennials are the ones experiencing the greatest financial disruption. This is partly due to Millennials’ life stage; the oldest of them are turning 40 in 2020 (double whammy!). The leading half of the generation are supposed to be earning more and entering their peak spending years at this time. Many would have been focusing on buying homes, new cars, or settling down to raise a family. Instead, our research finds that 81% are delaying major ...

No Money, More Problems

... their current financial situation and plan for the future. Here's a deeper look at the issues they face and how they might best be served.Being that I'm going to be a senior I'm already thinking, "Man I need this scholarship because debt is not fun." I'm always thinking about that because I know my parents can't pay for it so I'm just [thinking], 'What am I going to do?' I think about that a lot. That's not something I can really just [push away]. Because that's going to be here soon.ASADA, 17, KC ...

The FUND-amentals

... goals, such as redecorating their living space or taking a trip. They’re prioritizing saving for such expenses; however, they don’t want to give up their freewheeling financial habits in order to do so. They’re turning to apps that subtly squirrel away the money they’ll need to achieve their savings goal within a few months. This allows them to continue their habit of spending until they run out of money each month and simultaneously have enough set aside to buy what they want. As a 21-year-old man ...

The Invisibles

... for the home, from TV sets to WiFi routers to speakers, are becoming more integrated into an environment by taking on the appearance of decor or becoming hidden when not in use. Discreet TVs The future of TV sets aren't obvious as a piece of technology or even visible at all when not being used. For instance, Sony's 4K Ultra Short Throw Projector is a marble-topped table that blends into a room and only displays a screen when used. LG's OLED rollable TV, which isn't even hitting the market this ...

The Mental Health Perspective

... -19 as Millennials and Zs are coping with the effects of social distancing, isolation, and uncertainty.For Gen Zs, they are relying on their pragmatism, as well as their openness about their mental health needs to get through their current daily challenges. On the whole, they’re comfortable openly talking about their issues and know when and how to seek help. They don’t see sharing mental health struggles as being vulnerable but rather as a logical approach to maintaining their overall health ...