Financial Struggles of Gen Z: High Debt, Low Savings and Money Worries Revealed in New Research
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Generation Z have the most financial worries of any age group in Australia according to new research.
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On average, Gen Z have higher levels of personal debt and rely more on credit than other generations.
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One in four Gen Zs have less than $1000 in savings, and 8% have no savings.
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Gen Z are more likely to use "buy now, pay later" products compared to non-Gen Z Australians.
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A new Moneysmart campaign aims to help Gen Z feel more confident about money by showing them how to learn money basics.