Over half though still have an emergency fund? That’s honestly surprising, and given their age range and economic conditions right now I’d say that’s actually pretty good.
Bostonosaurus on
” A recent survey bears out the trend, finding that 47% of Gen Z respondents did not have an emergency fund.”
Aren’t about half of Gen Z under 20? I probably wouldn’t expect significant emergency funds for people under 20 in general.
BuzzNitro on
“GenZ goes through predictable spending patterns exactly how other generations did” doesn’t make for a good title I guess. They don’t make any money yet. Saving IS pointless when you’re not making enough money to cover your expenses. Millennials went thru the same thing and are now ahead of the boomers in terms of savings at the same age. Kids today are way more financially literate than past generations were. This article is nothing but boomer-slop
Plastic-Stop9900 on
Just like what he said. “I want a community of workers, not thinkers”
There are a lot of ways to keep your money safe from inflation, the thing is they don’t want you to even think about it. Yeah, doomspending is probably the best explanation for it
getmeoutoftax on
I don’t understand how you can have this mindset with mass unemployment looming over us. There are credentialed people out there who insist that most white collar jobs will be gone within a few years. I’m not Gen Z, but not that far removed. I’m basically in prepper mode at this point. I save and invest every single penny that I have after expenses. I spend basically nothing. I actually wish I were older so that I could’ve had more time to accumulate. There is no time to lose. AI agents are going to devastate most white collar jobs.
skurrtis on
The same thing is written every year and the latest generation is a clump of degenerate gamblers. Ultimately most people don’t start considering their financial future until like 35 or 40 so this is nothing new. Millennials didn’t trust anything because of the housing market in 2008. They will be poor forever and never own a home. They gamble their life savings away every day they don’t invest in their 401(k)s. Millennial start buying homes and guess what, it’s not in the news anymore. On to Gen Z!
ErroneousEncounter on
I feel this way.
I can save for retirement in a 401k.
I can buy things like an iPhone, a TV, nice clothes.
I can go on vacations once in a while.
I can eat out once in a while.
I can spend a little money on a hobby.
But even if I stopped spending money on these things, I’d never afford a home.
7 Comments
Over half though still have an emergency fund? That’s honestly surprising, and given their age range and economic conditions right now I’d say that’s actually pretty good.
” A recent survey bears out the trend, finding that 47% of Gen Z respondents did not have an emergency fund.”
Aren’t about half of Gen Z under 20? I probably wouldn’t expect significant emergency funds for people under 20 in general.
“GenZ goes through predictable spending patterns exactly how other generations did” doesn’t make for a good title I guess. They don’t make any money yet. Saving IS pointless when you’re not making enough money to cover your expenses. Millennials went thru the same thing and are now ahead of the boomers in terms of savings at the same age. Kids today are way more financially literate than past generations were. This article is nothing but boomer-slop
Just like what he said. “I want a community of workers, not thinkers”
There are a lot of ways to keep your money safe from inflation, the thing is they don’t want you to even think about it. Yeah, doomspending is probably the best explanation for it
I don’t understand how you can have this mindset with mass unemployment looming over us. There are credentialed people out there who insist that most white collar jobs will be gone within a few years. I’m not Gen Z, but not that far removed. I’m basically in prepper mode at this point. I save and invest every single penny that I have after expenses. I spend basically nothing. I actually wish I were older so that I could’ve had more time to accumulate. There is no time to lose. AI agents are going to devastate most white collar jobs.
The same thing is written every year and the latest generation is a clump of degenerate gamblers. Ultimately most people don’t start considering their financial future until like 35 or 40 so this is nothing new. Millennials didn’t trust anything because of the housing market in 2008. They will be poor forever and never own a home. They gamble their life savings away every day they don’t invest in their 401(k)s. Millennial start buying homes and guess what, it’s not in the news anymore. On to Gen Z!
I feel this way.
I can save for retirement in a 401k.
I can buy things like an iPhone, a TV, nice clothes.
I can go on vacations once in a while.
I can eat out once in a while.
I can spend a little money on a hobby.
But even if I stopped spending money on these things, I’d never afford a home.