Hispanic Gen Z are more confident about their financial future amidst economic turmoil. A survey from Bank of America on Gen Z adults (born between 1997 and 2012) shows that the majority of this generation say they face at least one financial challenge, and it’s significantly impacting their confidence both in themselves and the idea the economy will improve. But nearly half of young Hispanics maintain that they are on track to meet their financial goals, despite half not being able to save in the last year. However, this demographic is more likely to have changed jobs—and for ones with higher wages at that—which may be a major factor contributing to their optimism. YPulse data shows Hispanic young consumers are incredibly unique in other ways, too—check out today’s spotlight article. (The Latin Times)
