Gen Z Grapples with Financial Uncertainty, Lacks Confidence and Literacy

Gen Z is the least financially confident generation, with over 25% lacking confidence in their financial knowledge and skills. This leads them to prefer safer investment options like savings accounts over stocks.

Over half of Gen Z does not have a budget for managing expenses. Tracking spending and creating a realistic budget based on income and goals is important.

While 42% see homeownership as a financial goal, only 10% think they will ever own a home. High prices and affordability issues are top barriers.

40% lack confidence in their current financial situation amid economic uncertainty, influenced by events like the 2008 crisis.

Financial literacy through education initiatives and positive financial role models is key to empowering Gen Z to gain knowledge, tools, and confidence.