Do Gen Z have no savings?
Do Gen Z have no savings? More than half of Gen Z, 56%, do not have enough emergency savings to cover three months' worth of expenses, Bank of America's survey found. It's a good idea to sock away any extra cash you can, said Boneparth, and to think about what's important to you to stay motivated.
Who is Gen Z being raised by?
Raised by their tough-love, skeptical Generation X parents, Gen Z does not share the sense of entitlement and need for feedback and validation that many consider typical of the Baby Boomer-raised Millennial generation. Instead, Generation Z individuals tend to be independent, competitive, hard-working and pragmatic.