A study by Cash App looks at Gen Z's attitudes toward money, including their regrets about spending from last summer.
When it comes to Gen Z, the cohort continues to surprise retailers with their general attitudes toward money, spending and taking on debt. A new report titled “Gen Z Money Manners Report 2024” by Cash App examines how the cohort’sThe study, conducted by DKC Analytics, surveyed 1,000 U.S. people from the ages of 16 to 26 and found that money remains tight for Gen Z.
Fifty-three percent of Gen Z surveyed said they have spent beyond their means. Moreover, 79 percent of people surveyed said they have some regret from spending too much last summer — with 42 percent of people citing dining out as the most common reason.
“Gen Z was raised in an era of clear communication and naming their boundaries,” Lindsay Bryan-Podvin, financial therapist at Cash App told WWD. “This has translated into their relationship with money and friends.” . Forty percent of Gen Z said that they feel it’s “inappropriate to ask attendees to pay their share of a large bill that may be out of their means.
“Gen Z is in a transitional life stage, navigating early careers, competing with financial demands like weddings and vacations with friends, wanting to enjoy life and struggling with how to cope financially,” Bryan-Podvin concludes. “Anecdotally, it seems like they are falling into two categories: those who feel like they can’t come back from their financial overspending and will continue to spend, and those who are overcorrecting and saying ‘no’ with more frequency to expensive trips.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Next-Gen Robotics: Scientists Develop Skin That Heals, Feels, and Looks HumanScience, Space and Technology News 2024
Read more »
Gen Zer's snarky OOO work email goes viral: 'The guts these Gen Z kids have'Is this the grating-est generation? As if Zoomers weren’t kickstarting enough questionable social media trends of late: Generation Z has been labeled “cringeworthy” following a TikTok video depicting 20-something female office workers chanting about their appearance — referring to themselves as short with “itty bitty t–ties” and an “attitude.
Read more »
VW’s ‘Third-Gen’ Amarok Is Actually A First-Gen FaceliftThe 15-year-old truck carries on with a new face, incorporating VW's latest design language
Read more »
Rivian R1 Gen 2 Owners Warned Against Using Gen 1 Floormats Or Risk Stuck AcceleratorDespite Rivian's clear warning about Gen 1 compatibility, one owner went ahead and used them on a new Gen 2 R1
Read more »
Ask Amy: How do I tell my husband my painful secret?Reader now feels guilty for not sharing her rape story with her husband.
Read more »
A new study highlights potential of ultrafast laser processing for next-gen devicesA new study uncovers the remarkable potential of ultrafast lasers that could provide innovative solutions in 2D materials processing for many technology developers such as high-speed photodetectors, flexible electronics, biohybrids, and next-generation solar cells.
Read more »