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Dave Ramsey urges debt ‘drowning’ Gen Z to break up with lenders

Personal finance expert Dave Ramsey discusses America’s affordability crisis, rising Gen Z and millennial debt and what falling gas prices mean for family budgets.

Young Americans’ apathy toward the Republican Party is not ideological; itcomes from the simple fact that they can no longer afford to dream. They were raised on a basic American covenant: work hard, graduate, land a good-paying job, buy a home and start a family. But the gateway to that dream is a stable income, and for millions, that’s no longer attainable. Youth unemployment is at 10.4% — more than double the national average — and housing costs have exploded by 47% since 2020. A generation that did everything we told them would lead to the American Dream now confronts an economy where the math does not add up.

For millions of Gen Z voters, economic participation is becoming aspirational rather than achievable. They are building advanced skills shaped by AI, working longer hours in a volatile labor market, yet facing stagnant wages and financial insecurity far worse than their predecessors. And the problem is not their work ethic; it’s the economic rules written in Washington.

The Republican Party is dead wrong if it assumes young voters are rejecting conservatism. They reject a system they believe is working against their ability to achieve the American Dream. Before the 2024 election, 58% of Gen Z and younger millennials were unsure they would vote because they believed neither party understood their economic reality or offered younger candidates. Youth turnout ultimately fell below 2020 levels. 

YOUNG AMERICANS GIVE BIG THUMBS DOWN TO DEMOCRATS, REPUBLICANS, TRUMP: POLL

The newest Harvard Youth Poll reinforces why: 56% of young Americans say the country is headed in the wrong direction. They look at Washington and see a political class governing like it’s a senior center while they’re trying to survive in the most expensive economy of their lives.