TikTok continues to meltdown over the cost of living here. pic.twitter.com/rtNJ91NY7Z
— QE Infinity (@StealthQE4) May 4, 2026
The gas prices are disgusting.
My gas bill has doubled.We are living in Energy crisis.
— Prof (@TheProfInvestor) May 4, 2026
A recent survey by Generation Lab found that more than 8 in 10 young adults rate economic conditions in the U.S. as either bad or terrible. The survey, conducted April 26-29, found that 55 percent of 546 respondents ages 18-24 said they view the economy as bad, while 29 percent said it was terrible.
As for those in the 25-29 age range, 52 percent of 266 such respondents said the economy was bad. About 3 in 10 respondents said it was terrible, for a combined percentage of 81 percent that view the economy negatively.
A mere 2 percent in the 18-24 age range and 1 percent in the 25-29 age range said they view the economy as excellent. Just 14 percent and 19 percent, respectively, said the economy was good.
In March, inflation increased by nine-tenths of a percentage point from February to 3.3 percent. The cost of gasoline was up by 18.9 percent after declining year-over-year in the prior three months.
More than 4 in 10 of respondents in the 18-24 age range blamed the president, while one-third faulted corporate greed and large companies. Just 2 percent blamed former President Biden, while 9 percent blamed congressional Republicans, 2 percent blamed congressional Democrats and 1 percent blamed the Federal Reserve.
As for ages 25-29, one-third faulted Trump and one-third faulted “corporate greed/large companies.” Biden and congressional Republicans garnered 8 percent of the blame each, while 3 percent pointed to congressional Democrats and 2 percent pointed to the central bank.
https://thehill.com/business/5862710-young-adults-rate-economy-poorly/
The US auto loan crisis is accelerating:
The average amount owed by underwater car borrowers rose to ~$7,200 in Q1 2026, the highest on record and the 4th consecutive annual increase.
Over the last 4 years, the average amount owed by negative equity car borrowers has risen… pic.twitter.com/slEa71dM4E
— The Kobeissi Letter (@KobeissiLetter) May 4, 2026