More young people are adopting “vibe budgeting.” According to a report from Intuit Credit Karma, 56% of Gen Z and 57% of Millennials are “adjusting their spending and financial habits based on how the economy feels”—a.k.a “vibe budgeting.” Whether their personal financial situation has changed or not, they’re still engaging in this financial practice, likely because of recent news about the economy—80% of 18-39-year-olds say inflation is impacting their spending, according to YPulse. Ultimately, the current economic environment is making it harder for young people to maintain stability and build long-term financial security, and “vibe budgeting” acts as way for them to justify their spending and saving habits (or lack thereof). Still, YPulse data shows 63% of 18-39-year-olds currently have savings, and 37% have more than one stream of income. (Fast Company)
👀 Read more from YPulse: What is Gen Z Planning to Cut Back Because of Tariffs?
