FOX News’ Dr. Nicole Saphier sat down with her co-hosts on “The Big Weekend Show” on Sunday to discuss how the current economy under the Biden administration is impacting the spending habits of young people.
”Gen Z and Millennials appear to be paying their fair share in the Biden economy. They buy groceries now and pay later. In fact, they are doing more,” Safia said.
Prices for contact lenses have increased 465% since last year, while prices for other items such as lighter fluid, laptop parts and sleep apnea aids have increased by more than 300%.
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This image shows the “buy now, pay later” spending habits of Millennials and Gen Z using credit cards. (Fox News Channel)
”People in this world are aware that everything is very expensive. They can’t buy gasoline. They can’t buy the products and services you’re talking about. So they put everything on credit cards. That’s going to hurt Joe Biden,” FOX News radio host Tom Sileu said.
FOX News correspondent Anita Vogel added, “We’re finding that the younger generation, Gen Z, Millennials today are very cost-conscious about these things. I know a lot of them. “And we’re actually looking at it. They’re creating spreadsheets.” How much can you spend? How much can you spend on rent, mortgage, medical bills, retirement savings?”
As inflation rises and younger generations are forced to use credit cards to purchase essentials, the last thing on many people’s minds is raising children.
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Most of the Reddit users claim that they are willing to pay their friends to complete their wedding services. (St. Petersburg)
”[Can they] Can you afford to have a child? A lot of them just say, according to one study, it costs $300,000 to raise a child, and that’s obvious to them,” Vogel said.
“There is now a nonprofit supported by two owners, Mr. McClave and Mr. Berger, who donated $7.2 million to the Joe Biden campaign,” Safia added.
“There are various restrictions on donating to campaigns and political parties, but ironically there are workarounds often denounced as black money by leftists, when in fact they themselves are the biggest beneficiaries of black money. Despite being a practitioner of “American politics,” FOX News contributor Guy Benson said.
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U.S. President Joe Biden speaks while meeting with business and labor leaders at the Eisenhower Executive Building in Washington, DC, USA, Friday, November 18, 2022. Mr. Biden plans to talk with world CEOs about ways to combat inflation and strengthen the economy. Ford Motor Co., Carrier Global, Kaiser Permanente, and labor authorities. (Al Drago/Bloomberg via Getty Images)
Benson continued, “Today’s Democrats are big money in politics. “They are controlling the money game using the very kinds of methods they pretend to oppose.” They had a huge influence on me. ”
“In the past, they would have taken this dark money and bought all this advertising and created an image. They can’t do that. What they are going to do with this dark money is fundamentally I think it’s something like, ‘It’s just going to be used to collect votes for the three months leading up to Election Day,”’ Silue said.
He added: “That’s how they win elections now. People’s minds are pretty much made up and they just want to get a bag full of votes.”
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