Gen Z Builds Savings, Focuses on Finances Coming Out of Pandemic
- Survey finds optimism about the future despite Covid-19 crisis
- Individuals between 18 and 24 also seek financial education
Source: Getty Images
This article is for subscribers only.
Adult members of Generation Z, a group raised on the internet and social media apps, are more focused on savings and gaining financial literacy coming out of the pandemic.
That’s the takeaway from a Bank of America Corp. survey that found 70% of the group added to their savings in the past year, while 26% contributed to a retirement account and 26% invested in the market. Despite challenges brought on the pandemic, more than two thirds of those polled between the ages of 18 to 24 remain optimistic about their financial future.