this post was submitted on 07 Jun 2025
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Economics

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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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[–] 4am@lemm.ee 9 points 3 weeks ago (1 children)

Please name a generation that has gone through three Great Depression events.

Go on.

[–] doctordevice@lemmy.ca 8 points 3 weeks ago* (last edited 3 weeks ago)

There are literally four currently alive (and stragglers from past generations) that lived through the same 3 events. And in my very strong opinion, Gen Z was not hit the hardest of the current generations.