Finance guru Dave Ramsey slams ‘awful’ Gen Z and millennials who live with their parents: ‘They suck. They can’t buy a house because they don’t work’

The bestselling author expressed criticism toward a portion of Gen Z and millennials, suggesting they avoid taking responsibility for their financial futures.

During an appearance on Fox Business, the radio host, whose audience exceeds 20 million, mentioned that there has always been a group of individuals who disagree with his approach to managing money.

"Some say: 'You can't do it, the system needs to change,' and they see themselves as victims and entitled," Ramsey explained.

He noted that this applies to a "segment" of Gen Z and millennials, whom he described as "just awful" and characterized by a mindset of entitlement and reliance on participation trophies. Ramsey pointed out that this group often lives in their parents' basements and struggles to understand why they can't afford a house.

However, Ramsey clarified that he was referring to a specific subset of individuals and did not intend to generalize all Gen Z and millennials. He emphasized that many from these generations are making smart financial decisions, believing in saving, investing, and the free enterprise system.

Despite his criticism, Ramsey expressed admiration for the younger members of his team, highlighting their excellence and dedication to financial responsibility.

While Ramsey's comments may highlight a difference in financial approaches among younger consumers, it is important to note that many in these generations have faced significant economic challenges, including navigating a post-pandemic working world and dealing with soaring housing costs and stagnant incomes. Nevertheless, surveys suggest that younger Americans are generally optimistic about their financial futures.