All articles tagged with #economic anxiety
Originally Published 13 days ago — by Yahoo Finance
Gen Z is starting retirement savings earlier than previous generations, with many opening accounts by age 19, driven by financial anxiety and economic challenges, though some are already dipping into their savings early. While their engagement is promising, concerns about financial stability remain prevalent.
Originally Published 2 years ago — by Business Insider
The high cost of living, including housing, is the top societal concern for both millennials and Gen Z, with more than half of both generations living paycheck to paycheck. The housing market has never been this unaffordable for new buyers, with the rent-to-income ratio standing at 29.6% in the first quarter. This lack of affordability is pushing an increasing share of young Americans to delay renting their own place, with 68% of 25-year olds living outside their parents' home in 2021, down from 84% in 1980.