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The number of Gen Z households receiving unemployment benefits rose by nearly a third in the past year — the most of any generation, per FORTUNE.
Gen Z Americans don’t have enough saved to cover a single month of spending.
Read more: https://t.co/R2Q5y2LKvW
Unusual Whales - News · Gen Z Americans don’t have enough saved to cover a single month of spendingGen Z’s Financial Struggles: Spending Outpaces Savings
Younger Americans are financially vulnerable, with less than a month’s worth of savings to cover their expenses—leaving them at risk should the economy take a downturn.
Spending More Than They Save
According to Bank of America Institute’s latest analysis, Gen Z—those born after 1995—spent twice the amount they had in savings on average in February. This savings-to-spending gap has widened over the past two years and is significantly larg