Sorry, Gen Z, But Economic Anxiety Isn’t Going Away
Young adults are very worried about their financial future. They should be.
A lot to worry about.
Photographer: FG Trade/E+/Getty Images
Less than a third of Gen Z feels financially secure while just more than half feels “very or extremely worried about not having enough money,” according to a recent study by consulting firm EY. “Welcome, the water’s warm!” says every American millennial.
After years of being told conditions would improve and to just grow up, millennials, as a collective, are treading water at best. In fact, 73% of millennials are likely to be living paycheck to paycheck, according to a LendingClub report. A separate survey by Investopedia found that three-fourths of millennials, who range in age from 27 to 42, were at least somewhat stressed about their finances.