Gen Z Saving Amid Cost of Living Crisis
Adelaide News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Young Australians grapple with cost of living woes, with rising interest rates, soaring house prices, and inflation outpacing wage growth. Surveys reveal financial stress as a top concern, with one in five teens and twenties reporting money worries. Lack of financial education at home and school exacerbates the issue. However, new bank data shows generation Z are top savers, with 89% of young women and 85% of young men setting money aside. Despite challenges, advice includes tracking spending, saving small amounts, building good habits, and avoiding stress.
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