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How Gen Z Became The "Buy Everything, Own Nothing" Generation

In our February video essay, Chelsea dives into the unique economic situation Gen Z is facing in adolescence to early adulthood: one that encourages mindless overconsumption while making traditional financial milestones more out of reach than ever before. Special thanks to: Brittney Reynolds https://www.tiktok.com/@brit_reynolds... Heather Hurst https://www.tiktok.com/@pigmami?lang=en Dot Sawler, PhD candidate at the University of Rochester SOURCE LINKS: https://www.theatlantic.com/magazine/... https://www.cnn.com/2023/09/14/health... https://www.fastcompany.com/90830832/... https://www.spglobal.com/marketintell... https://www.bankrate.com/homeownershi... https://www.cnbc.com/2023/11/25/1-in-... https://educationdata.org/college-tui... https://calmatters.org/education/high... https://www.nytimes.com/2023/09/27/bu... https://seattlespectator.com/2022/10/... https://www.commonsensemedia.org/rese... https://get.doordash.com/en-us/blog/f... https://buywithprime.amazon.com/blog/... https://www.theeducationmagazine.com/... https://www.businessinsider.com/gen-z... https://www.mcnuttpartners.com/why-we...    • How Shein Took Over Our Closets & Soc...   https://time.com/6247732/shein-climat... https://theweek.com/business/shein-co... https://time.com/6247732/shein-climat... https://tinuiti.com/blog/ecommerce/ge... https://www.forbes.com/sites/sap/2022... https://www.ricksteves.com/watch-read... https://get.doordash.com/en-us/blog/f... https://themessenger.com/tech/tiktok-... https://www.junglescout.com/blog/how-... https://buywithprime.amazon.com/blog/... Music and sound effects by https://www.epidemicsound.com 00:00:00 Welcome! 00:00:55 Intro 00:03:36 Ad break 00:08:11 The facade of wealth without the finances 00:17:40 The instant gratification generation 00:26:38 Real-time retail 00:34:45 The scourge of “spending on experiences” 00:45:08 The buy now, pay later phenomenon 00:51:18 TikTok as the new QVC 00:57:09 Conclusion