Gen Z is more open to talking about money than older gens. A new survey from Bank of America shows that 27% of 18-29-year-olds talk about salary or income with their friends, compared to 20% of Millennials, 12% of Gen X, and 3% of Baby Boomers. Younger people are also more likely to share the details of their finances with friends, with 60% of Gen Z and 62% of Millennials saying they have some money conversations with their peers—compared to less than half (46%) of Gen X and only 29% of Baby Boomers. YPulse data shows that many young people feel like they’re barely just surviving financially, so turning to their friends to vent or find some common ground and support isn’t so taboo. (Forbes)
👀 Read more from YPulse: What Does Financial Success Really Look Like for Gen Z?
