Many feel frustrated by a tough job market and worried about debt, experts said.
Gen Z seems to have a case of economic malaise.
Nearly half (49%) of its adult members — the oldest of whom are in their late 20s — say planning for the future feels “pointless,” according to a recent Credit Karma poll.
A freewheeling attitude toward summer spending has taken root among young adults who feel financial “despair” and “hopelessness,” said Courtney Alev, a consumer financial advocate at Credit Karma.
They think, “What’s the point when it comes to saving for the future?” Alev said.
The generation that lived through 3 “once in a lifetime” economic disasters doesn’t trust their money will be there when they need it. Gee I wonder why?
I mean honestly every generation felt the same way and had their own issues. This generation though has had a lot more pessimism from the influx of random media and bored Lazy journalist trying to come up with today’s story.
It’s right that times are harder. But principals are the same. These kids won’t always be kids. The market is tough. But save and invest and eventually most will land a job and with time work their way up to a salary that will provide. But if we’ve hammered kids with this idea there is no future, I think we might have fucked up even worse then just a bad economy ever could.
Isn’t a bit backwards to expect saving and investing before a salary that provides? What are they meant to invest?
Budgeting and saving can happen at any salary. You don’t wait until you have the salary.
I think the disconnect comes where accessible jobs don’t provide enough for living, let alone saving.
https://www.epi.org/publication/charting-wage-stagnation/
When every cent goes to bills, there is nothing left to save.
Yea I’ve been there. I’ve lived it. Not everybody is in that situation.
As a millennial with a decently paying job, I’m not as confident that they’ll end up with that salary. The job market is rough, I don’t envy anyone entering it right now and can’t blame them for their pessimism.
I’m in it now. It’s not great. But it isn’t impossible. It just takes work. But that work gets much harder if people are bombarded by this fear porn.
Please name a generation that has gone through three Great Depression events.
Go on.
There are literally four currently alive (and stragglers from past generations) that lived through the same 3 events. And in my very strong opinion, Gen Z was not hit the hardest of the current generations.
Bad bait
Bait?