As reaching the financial goals of previous generations seems increasingly unattainable, young workers are rethinking what financial stability looks like. A survey from The Harris Poll found that 65% of Gen Z and 74% of Millennials believe they’re starting further behind financially than generations before them at the same age. With the cost of living at an all-time high and inflation putting financial stress on young workers, they are rethinking the stereotypical “American Dream.” One Gen Z teacher explains that people his age would prefer having “more freedom” like proper work / life balance and having money to spend on experiences. YPulse research shows that young consumers have simply spent less money overall, including reducing-non essential purchases in order to improve their spending habits. (USA Today)
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