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Gen Z is working hard and saving up to prepare for financial struggles. 

Nov 14 2022

Gen Z is working hard and saving up to prepare for financial struggles. We know inflation is the biggest problem Gen Z and Millennials say they’re currently facing—and with a looming recession, they’re gearing up to get on top of their finances. According to LinkedIn’s Workforce Confidence Index survey of over 11K professionals, about 78% of young adults ages 18-24-years-old say they’re “cutting back on their spending in preparation for the U.S. economy potentially getting worse.” Compared to all other gens, Gen Z is most willing to cut down on spending (78%), delay a big purchase (52%), work harder / longer hours (43%), and even be willing to take on a second job (30%). YPulse data shows that 84% of 13-39-year-olds say we are currently in a recession, or are going to be in the near future. (Fortune)