Survey finds the Gen Z population reporting distinct financial concerns in the face of a challenging economy.
85% Report at least one significant barrier to financial success
73% Have changed spending habits to pay less on groceries and gas
67% Say they’re confident in their ability to manage credit
56% Don’t have enough emergency savings for three months of expenses
45% Feel well equipped to save for retirement
37% Have experienced a financial setback in the last year
Source: Bank of America, “Better Money Habits Survey,” October, 2023