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

Описание: 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:
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   • How Shein Took Over Our Closets & Social M...  
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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