Gen Z Faces Soaring Financial Stress from Debt, Inflation and Social Media's Mixed Guidance

Young people, especially Gen Z (18-26 years old), are facing high financial stress due to factors like cost of living, student debt, and social media influence
82% of Gen Z feels financially stressed; they have higher debt and lower savings compared to previous generations
Social media is Gen Z's top source for financial advice, but "finfluencers" promoting get-rich-quick schemes can be unreliable
Schools could do more to educate students on personal finance through an improved curriculum
Small steps like budgeting, saving, and seeking reliable guidance can help young people regain financial control