Gen Z’s Financial Crisis: Are They Doomed to Fail?
On episode 189 of the Payne Points of Wealth, we dive into a spirited discussion with Alexandria “Ally” Chun, a dynamic recent college graduate who has already made waves in various fields. From producing a New York Fashion Week show to serving as the elected representative for 1.2 million students as a SUNY Trustee, Ally’s journey is nothing short of inspiring. With a passion for brand development, she thrives on transforming bold ideas into impactful moments and meaningful relationships. Tune in to hear Ally’s unique insights on wealth building, politics, and the beliefs that drive Generation Z, a group that now makes up about one in five Americans—approximately 68 million strong!
Hidden Facts of Finance
There was 1.4% fall in 2023 U.S. whiskey sales for the first time since 2002. Sales lost another 4% in 2020 for its first nine months. There was also a 24% decline in auction and private art sales in 2024 at Sotheby’s on about $6 billion in turnover.
Millennials watch less TV averaging just 2.4 hours daily. Instead, they prefer consuming content on mobile devices, digital streaming and social media focusing on demand options rather than scheduled programing.
