Younger generations are leaving school and moving up in the workforce. They should feel like they’re coming into their own. But two new studies suggest that’s not the case.
found that roughly 70% of Gen Z and millennials “believe the current economic environment is hurting their ability to be financially independent adults.”
Their chief concerns are the impacts of inflation and a potential recession , according to the MassMutual Survey. Wallace also pointed out that student loans and the astronomical cost of housing have only added to young peoples’ financial difficulties. A man walks past advertisements on windows of a grocery store in the Brooklyn borough of New York, the United States, on Feb. 14, 2023.
Jack Heintzelman, a financial planner at Boston Wealth Strategies, also emphasized that being organized could help those interested in improving their credit score.
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