Monika Hengesbach - Gen Z Inflation

Freshly minted college graduates are grappling with more than just trying to land their first jobs.  There’s the cost of rent. And eating out with friends. And gasoline. And car insurance.  Gen Z members (born between 1997 and 2012) have been hit harder by inflation than all other age groups, and the effects could cast a shadow over their financial health for years to come, according to studies by Moody’s Analytics and TransUnion, the credit reporting agency.  Young adults, ages 12 to 27, are bearing the brunt of a historic spike in prices over the past few years that has financially strained most Americans. That's because Gen Z's incomes are lower because they’re just entering the workforce. And they’re big consumers of some of the chief inflation drivers, like housing and meals out, Colyar says. We chat with Monika and with more than 30 years of experience in financial services. She’s an enrolled agent, tax saving expert and CEO at Decision Financial Services