Jim Cramer: Why Gen Z Has To Learn To Be Frugal [Yahoo! Finance]
GameStop Corporation (GME)
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Source: Yahoo! Finance
Check Out: 6 Things Minimalists Never Buy — and You Shouldn't Either Read Next: 6 Genius Things All Wealthy People Do With Their Money According to data published by Intuit Credit Karma , credit card debt for young Americans has grown at a faster pace than other generations. As of March 1, 2024, average credit card balances for Gen Z have increased 62% since the Federal Reserve started increasing rates in March 2022, rising from $2,000 to $3,300. Although Gen Zers are clearly spending more, they might not be spending or investing wisely. That's the thinking of Jim Cramer, former hedge fund investor, manager of CNBC's Investing Club and host and anchor of the channel's “Mad Money” and “Squawk on the Street” programs. Seeing younger people at his New York Bar San Miguel restaurant spending money “as if it grew on a tree” prompted Cramer to proclaim that “Younger people have to learn to be more frugal.” “On the one hand, you're allowed to have all the margaritas you want. But
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GME
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- 3/26/24 - Miss
GME
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- 4/30/24 - Form ARS
- 4/30/24 - Form DEFA14A
- 4/30/24 - Form DEF
- GME's page on the SEC website