Kathmandu— Generation Z is frequently characterized as politically apathetic, yet emerging research suggests this perception is inaccurate; instead, young adults coming of age amidst housing crises, unstable employment, and failing institutions are losing faith in the fundamental tenets of capitalism. This generation isn't disengaged from politics so much as disillusioned with a system that has failed to deliver on long-held promises of economic security and upward mobility.

The Broken Promise of Stability

For decades, young people were led to believe in a fairly predictable life path: education leading to employment, employment providing stability, and stability culminating in homeownership, family formation, and a dignified existence. While this promise was never universally accessible, it remained within reach for many. However, Generation Z now views this trajectory as increasingly unattainable.

Precarious Conditions Facing Young Adults

Across diverse societies, young people are facing similar challenges upon entering adulthood. These include precarious employment opportunities, unstable housing markets, mounting student and consumer debt, labor markets dictated by algorithms, growing anxiety about climate change, and political systems perceived as either ineffective or beholden to special interests. This confluence of factors is eroding trust in established institutions.

The widespread disillusionment with capitalism among Generation Z suggests a potential reshaping of political priorities and engagement as this generation gains greater influence.

(With inputs from Jacobin)

Originally published on abcnews.com.np.