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.
As a millennial with a decently paying job, I’m not as confident that they’ll end up with that salary. The job market is rough, I don’t envy anyone entering it right now and can’t blame them for their pessimism.
I’m in it now. It’s not great. But it isn’t impossible. It just takes work. But that work gets much harder if people are bombarded by this fear porn.