How Gen Z is Confronting Their Financial Fears
▻https://hackernoon.com/how-gen-z-is-confronting-their-financial-fears-b14f9b3545ae?source=rss--
Gen Z, the young, growing, post-millennial generation, is set to make up 40% of consumers by 2020. Categorized apart from #millennials as those born from 1997 and onward, this younger generation sets itself apart from older ones as free-thinking, hard working, and most importantly, cautious spenders.Gen Z approach their financial future carefully, taking a lesson from the sometimes extravagant habits of older generations. For millennials in particular, 40% have overspent or even gone into debt just to keep up with their social lives. This “fomo-tax” isn’t on the radar of Gen Z, as they take all purchases into consideration and think them through from groceries to universities. When asked, 72% of Gen Zers say that cost is the most important factor when shopping, and nearly 50% use their (...)