Tag: consumer habits

Gen Z Seeks Financial Independence in the Future, But Splurges For Now

Gen Z Seeks Financial Independence in the Future, But Splurges For Now

What’s behind Gen Z spending? PYMNTS posits it may be the availability of discretionary income, since Gen Z “expects to spend just 20% of their income on housing” — far below other generations. However, Gen Z is also most likely to identify "splurging on nonessentials" as a financial stressor.