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.
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.