Gen Z and Millennials are concerned over the impact of Baby Boomers on their financial future. New research from OnePoll on behalf of the National Debt Relief found that 65% of these young gens are worried about this issue. Additionally, 82% of Gen Z and 75% of Millennials feel that they are already struggling to keep up in this economy due to Boomers’ financial choices. The chief marketing officer at National Debt Relief explains that while this older gen is approaching retirement, “there is a concern that the strain on government-funded programs like Social Security and Medicare may become unsustainable,” and in turn put the financial strain of funding these programs on the younger gens. YPulse research shows that most young people have negative feelings when it comes to money, and only just over half consider themselves financially stable right now. (Fortune)
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