Gen Z can’t afford the American Dream—so they’ve traded homeownership for paying off debt. ‘Their debt feels heavier because it hits earlier’

Generation Z carries an average of $94,000 in personal debt, forcing them to prioritize debt repayment over traditional milestones like homeownership. This shift represents a fundamental change from previous generations' approach to the American Dream, with younger Americans facing earlier and heavier debt burdens.

• →Gen Z individuals carry an average of $94,000 in personal debt.
• →Rising debt levels are preventing Gen Z from achieving traditional milestones like homeownership.
• →Younger generations are experiencing debt burdens earlier in life compared to previous generations.
• →Gen Z is prioritizing debt repayment over wealth-building activities like real estate investment.
• →The traditional American Dream model of homeownership is becoming less accessible for younger demographics.