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Why are Gen Z Broke? | The Stream

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Al Jazeera English

Gen Z are struggling financially. A 2023 survey of Gen Z in 44 countries suggested that around half of them were living paycheck to paycheck and almost half needed a side job. So why are Gen Z broke?

“Gen Z spends all their money on avocado toast and coffee and all they do is sit on social media and they don't wanna work” or such is the perception of the financial woes afflicting Gen Z. Studies show that Gen Z are the generation least likely to have savings or a plan for the future when it comes to money but the "doomers" also report very little hope in the future.

Presenter: Myriam Francois

Guests:
Grace Blakeley Author and economics commentator
Anushka Rathod Finance content creator
Max Lu YouTuber

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posted by fabrice57g5