U.S. adults’ optimism about the future is falling. According to a recent study from Gallup, only 59.2% of U.S. adults expect a high-quality life in five years, the lowest level in nearly two decades. The survey also showed that last year, just 48% of American adults rated their current and future lives as “thriving.” Between mounting housing costs, less job security, and financial insecurity, Gen Z is especially feeling the weight of it all. A new survey from Beyond Finance shows that over 70% of Gen Z and Millennials are in a state of “survival spending,” with wealth feeling completely out of reach. Another Wells Fargo study found that the majority of parents are still financially supporting their Gen Z children in some way. With societal and financial pressures, it’s understandable that young adults are feeling more stressed than excited about their futures. YPulse data also shows young adults feel they’re only surviving financially, not thriving, and many have at least one bill—even if a small one—still covered by a parent. (Fortune)
👀 Read more from YPulse: Are Gen Z Adults Surviving, Thriving, or Drowning Financially?
