While young people are more interested in spending on their experiences, Gen Z is abandoning traditional financial caution.

While young people are more interested in spending on their experiences, Gen Z is abandoning traditional financial caution. According to Fidelity Investments’ 2022 State of Retirement Planning report, “half of [Gen Z doesn’t] see a point in saving money until things return to ‘normal’, while 56% put their retirement planning on hold during the pandemic.” Right now, it’s important for Gen Z to catch up on fun experiences they missed over the last two years. This summer especially, the gen is taking advantage of activities and traveling opportunities, but when it comes to their finances, overall they’re choosing to invest in their own professional growth. Some are putting their money towards finishing their education or starting a business because they’re choosing to make investments in themselves above all else. YPulse’s Self-Taught trend research shows that one of Gen Z and Millennials’ top skills this year is to learn financial / money management. (Money Wise)