United States’ $39 trillion national debt will mean fewer jobs at lower wages for Gen Z, according to think tank

The Peterson Foundation warns that the U.S. national debt, currently at a staggering $39 trillion, could severely limit job opportunities and drive down wages for Gen Z. With the government potentially diverting more resources to debt repayment, fewer public sector jobs and investments in youth programs could result. This economic strain could lead to an uncertain future for younger Americans, impacting their career prospects and earning potential. The implications are significant as it could mean a generation faces a more challenging economic landscape than their predecessors.