By Graham Snow via Iris.xyz
If there’s one thing we all have in common, it’s financial stress. And this is no different for members of the youngest generation, Generation Z.
Despite having just entered the workforce, a whopping seven out of 10 Gen Zers say they’re moderately to very stressed about finances. This is according to a new survey on Gen Z’s financial wellness by my team at Lifeworks.
Top Stressors and Obstacles
Millennials face a unique set of challenges and financial wellness covers several aspects of one’s ability to manage money. As the youngest generation in the workforce, Gen Z has both short-term and long-term concerns.
According to our survey, the financial situations they’re most concerned about include the following:
- Purchasing a house
- Living paycheck to paycheck
- Building emergency fund and savings
- Starting retirement planning
- Managing student loan debt
- Creating an investment portfolio
Not only are they counting down to payday, but also they worry about their future, in terms of retirement, real estate, and general investments.
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