"Money Management Lessons for Young Americans: Avoiding Debt and Wasteful Spending"

A recent study by Bread Financial revealed that Gen Z has a spending problem, with a third of them spending more money than they make and nearly the same amount not budgeting at all. Baby boomers, on the other hand, are more likely to budget and less likely to make impulse purchases. Young Americans should learn from boomers and be more intentional about spending, pay down debt, and start planning for the long-term by building wealth through investing or saving in high-yield accounts.