FOX Business Rundown: Gen Z Is Giving Capitalism — And Christmas Shopping — The Cold Shoulder
It has been talked about — and meme’d about — all year: Generation Z is struggling economically.
They’re being priced out of the housing market, having trouble finding stable jobs, and are saddled with significant debt.
And while President Trump performed well with young voters — winning 46% of Gen Zers last year, including 56% of young men — in 2025, there appeared to be a shift to the left.
Throughout the year, we saw more signs that Zoomers are embracing socialist-leaning views. The surge of progressive candidates, like Zohran Mamdani — who won last month’s New York City mayoral race — reflected a focus on “affordability” and policies such as free bus service.
According to a Gallup poll released this past September, young adults generally — but especially younger Democrats — are cooling on capitalism. Only 31% of Democrats under 50 now have a positive view of it, compared to 54% in 2010.
FOX News’ Kaylee McGee White joins FOX Business’ Taylor Riggs to break down why Gen Z is rallying around socialist ideas — and what can be done to help young people achieve the American Dream. Plus, they discuss why Gen Z isn’t big on buying holiday gifts, and what the best and worst presents are to receive.
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