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When it comes to saving, Gen Z asks: 'What’s the point?' That's dangerous, expert says (www.cnbc.com)

submitted 3 weeks ago by MicroWave@lemmy.world to c/economics@lemmy.world

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Many feel frustrated by a tough job market and worried about debt, experts said.

Gen Z seems to have a case of economic malaise.

Nearly half (49%) of its adult members — the oldest of whom are in their late 20s — say planning for the future feels “pointless,” according to a recent Credit Karma poll.

A freewheeling attitude toward summer spending has taken root among young adults who feel financial “despair” and “hopelessness,” said Courtney Alev, a consumer financial advocate at Credit Karma.

They think, “What’s the point when it comes to saving for the future?” Alev said.

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[–] makeshiftreaper@lemmy.world 88 points 3 weeks ago (12 children)

The generation that lived through 3 "once in a lifetime" economic disasters doesn't trust their money will be there when they need it. Gee I wonder why?

[+] Melvin_Ferd@lemmy.world -32 points 3 weeks ago* (last edited 3 weeks ago) (11 children)

I mean honestly every generation felt the same way and had their own issues. This generation though has had a lot more pessimism from the influx of random media and bored Lazy journalist trying to come up with today's story.

It's right that times are harder. But principals are the same. These kids won't always be kids. The market is tough. But save and invest and eventually most will land a job and with time work their way up to a salary that will provide. But if we've hammered kids with this idea there is no future, I think we might have fucked up even worse then just a bad economy ever could.

[–] KaRunChiy@fedia.io 6 points 3 weeks ago (1 children)

Bad bait

[–] Melvin_Ferd@lemmy.world 1 points 3 weeks ago

Bait?

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