#youth-spending
#youth-spending
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#gen-z #social-media #consumer-behavior #millennials #personal-finance #job-market #financial-advice
#gen-z
Parenting
fromFortune
5 days agoTwo-thirds of parents say their adult Gen Z kids still rely on them financially for support-even though it's putting them under strain | Fortune
Many Gen Zers rely on parental financial support, causing strain on both generations' finances amid a challenging job market and high living costs.
Relationships
fromSilicon Canals
1 day agoNobody tells you that expecting instant replies is a relatively new social norm - and that an entire generation learned to communicate in ways that never required it - Silicon Canals
Instant communication has created pressure that undermines meaningful relationships, which thrived in a slower-paced era of correspondence.
fromFast Company
1 day agoWhy Gen Z is fangirling over Apple's 'Finder Guy' mascot
Finder Guy is an adorably chunky, dual-toned blue creature with a rounded head and a perpetual smile. Apple is being fairly tight-lipped about him; he hasn't been officially announced or acknowledged by the company.
Apple
Careers
fromSilicon Canals
5 days agoThe most profound disconnect between boomers and younger generations isn't about avocado toast or laziness - it's that boomers inherited an economy designed to reward time invested, while millennials and Gen Z are navigating one that rewards attention captured, and the skill sets don't translate - Silicon Canals
Generational tension arises from differing economic realities between baby boomers and younger generations, affecting perceptions of work and success.
Psychology
fromSilicon Canals
21 hours agoThe hardest part of growing up lower middle class wasn't the lack of money. It was learning to want things quietly, because visible desire in a household running on tight margins felt like an accusation against the people who were already giving everything they had. - Silicon Canals
Emotional training around scarcity shapes behavior in lower middle class childhoods, teaching children to suppress desires to avoid adding stress to their families.
Poker
fromFortune
5 days agoCredit card delinquencies among millennials and Gen Z have soared because of sports betting-even in states where it's illegal, new Fed study finds | Fortune
Credit delinquency rates have increased significantly among sports bettors, particularly affecting Gen Z and millennials after legalization in the U.S.
from24/7 Wall St.
2 weeks agoDave Ramsey Completely Slams a 20y Old's Plan To Buy A $50K Corvette As Clearly 'Dumb'
In business, when you do anything for appearances, you can write that down under the dumb column. We don't do stuff for... we do things that give return on investment in business, and trying to appear to be something is never a return on investment. Just be the thing.
Bootstrapping
Psychology
fromSilicon Canals
2 days ago9 subtle behaviors that reveal someone grew up in a household where money was discussed in whispers, and why those behaviors persist long after financial security has arrived - Silicon Canals
Financial behaviors are shaped by early experiences and trauma, not just knowledge or information gaps about money.
Psychology
fromSilicon Canals
4 days agoPeople who grew up calculating whether they could afford both the drink and the entree before anyone else sat down don't stop doing that math when they earn six figures. The arithmetic isn't financial anymore. It's a loyalty ritual to a younger version of themselves who promised never to be caught without an exit. - Silicon Canals
Child poverty in the U.S. leads to adult poverty more than in Denmark, Germany, the UK, or Australia, with lasting effects beyond financial circumstances.
NYC real estate
fromFortune
3 weeks agoGen Z is defiantly 'giving up' on ever owning a home and is spending more than saving, working less, and making risky investments, study shows | Fortune
Younger generations are abandoning homeownership goals due to affordability crisis, leading to increased spending, reduced work effort, and risky financial decisions.
Mental health
fromwww.psychologytoday.com
3 weeks agoWhy Gen Z Feel Less Happy Even as Society Gets Richer
Material prosperity and technological advancement have not translated into increased happiness, with younger generations reporting the lowest well-being despite unprecedented access to education, healthcare, and information.
E-Commerce
fromFortune
4 weeks agoGen Alpha's economic influence is 'enormous'-From side hustles and bankrolling from their parents, they've surpassed $100 billion in spending power | Fortune
Gen Alpha controls over $100 billion in annual direct spending and influences 42% of household purchases, projecting $5.46 trillion in spending power by 2029.
Marketing
fromCity AM
2 weeks agoMeet Gen Zalpha: The new generation up-starts reshaping consumer culture
Gen Zalpha, the fusion of young Gen Z and older Gen Alpha, wields significant commercial influence through direct purchases and persuasion over parents, making them a critical target market for brands.
fromBusiness Insider
2 months agoNot saving up for a home? Tell us what you're spending your money on instead.
Even as price growth slows - and falls in some cities - buying a home still feels unaffordable for many people, in part because mortgage rates remain high and down payments are still steep. Redfin reported in October that the average down payment hit a record $70,000 in August. While some people are cutting back on discretionary spending to afford a home purchase,
Real estate
Digital life
fromSilicon Canals
1 month agoPsychology says people who always carry cash even though they rarely use it display these 8 traits-and most of them are connected to a generation that learned the hard way what happens when systems you trusted stop working - Silicon Canals
Cash carriers maintain physical money as insurance against system failures and to preserve spending autonomy, despite having digital payment options available.
fromHuffPost
1 month agoThere's A Depressing Dating Trend Among Millennials And Gen Z - And It's Hard To Watch
When you add up dinner, drinks and gas or ride-shares, dating can cost a small fortune these days. It's become so expensive that a startling number of Americans are willing to take on credit card debt just to afford it. According to a new "loveflation" survey from online billing site Invoice Home, one in four young Americans would consider going into credit card debt to afford dating someone they really liked.
Relationships
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