"No One Will Ever Have A House": Gen Z Explains Why Artists Are Canceling Their Tours
Advertisement
Gen Z is facing a multitude of challenges at the moment. They’re dealing with a cost-of-living crisis, wealth disparities, mental health struggles, and workplace disconnect—struggles many of their elders have disparaged them for.
However, one social media influencer is biting back. TikTok user munchy_monk recently went on a rant, essentially blaming capitalism and billionaires for the tough spot they are in. This person didn’t mince words, causing the post to go viral.
You will find the video containing the incendiary, profanity-laced tirade below.
A Gen Z social media influencer decided to respond to criticisms against their generation
Image credits: munchy_monk
TikTok user munchy_monk opened his post with a hypothesis about why many musical artists have been canceling their tours
Image credits: munchy_monk
He then went after the “greedy billionaires”
Image credits: munchy_monk
And he did not mince words while doing so
You will find the entire video below
Gen Z is feeling the brunt of rising costs, and it is affecting different facets of their lives
Image credits: Christian Erfurt / unsplash (not the actual photo)
Munchy_monk is just one of the many in the younger generation bearing the burden of rising costs, to the point that many have had to make hefty sacrifices.
A 2024 report by Time Magazine revealed that the rising cost of living has led many people in their mid-to-late 20s to move back in with their parents. Some have even completely relied on their folks for their financial needs.
The report also included a survey by Bank of America, revealing that 52% of Gen Zers ages 18 to 27 say they don’t earn enough to live the life they want.
Furthermore, the survey noted that many young people have put off major milestones, including owning a home, saving for retirement, or making an investment.
54% of respondents say they don’t pay for their own housing. However, those who do claim to be spending more than 30% of their monthly income on housing.
As a way to cope with their financial struggles, many Gen Zers have come up with strategies like loud budgeting. As financial advisor Derek Ober explains to HuffPost, it’s simply sharing your money goals with people in your life to hold yourself accountable for your spending.
“It’s a public commitment,” he explained. “Loud budgeting centers around the idea of telling others why you’re choosing not to spend money on something and being transparent about the reason you are saving.”
Experts like certified financial planner Kate Norris will always have advice to share, including monitoring the budget, saving at least $100 per month, and setting up automatic payments to a savings account, to name a few.
However, costs will continue to rise while salaries remain the same. And until then, young people like munchy_monk will have their gripes.
People in the comments echoed the post’s sentiments
