Gen Z is getting hit hard by inflation [Video]

Gen Z is in the financial trenches.A new study from credit reporting agency TransUnion found those in their early 20s are earning less, have more debt and see higher delinquency rates than Millennials did at their age.Related video above: If the Fed wants 2% inflation, they have to raise ratesThe findings outline the credit usage of 22- to 24-year-old Gen Zers. Millennials who fell in that age range in 2013 were asked about their credit usage during that period. Gen Zers are defined as those born between 1995 and 2012, and Millennials as those born between 1980 and 1994.Gen Zers, like Millennials, have had to deal with economic calamities early in their careers. For Gen Z, it was the Covid-19 pandemic. For Millennials, it was the global financial crisis.But the current generation of early 20-somethings has another challenge: sticky inflation that’s driven up prices of everything from gas at the …