Generation Z is facing a financial squeeze as they are spending more on housing and car insurance compared to millennials at the same age, despite higher incomes and more employment opportunities. The rising prices, increased housing costs, and substantial student loan debts have left Gen Z struggling to make ends meet. They are more likely to be in debt, with roughly 1 in 7 being maxed out on credit cards, the highest among any generation. While their wages have increased, they are spending significantly more on necessities and debt repayments, leading to financial challenges. This economic burden could impact their support for President Biden, with inflation being a top concern for younger voters. As Gen Z grapples with escalating costs and rising debts, they are facing an uphill battle to achieve financial stability and progress in their careers.