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Under 30 and constantly stressing about money? You’re not alone.

by Despina Karpathiou
June 10, 2022
Reading Time: 2 mins read
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Under 30 and constantly stressing about money? You’re not alone.

34311947 - young couple worried need help in stress at home couch accounting debt bills bank papers expenses and payments feeling desperate in bad financial situation

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According to a Deloitte global survey, nearly half of Gen Z and millennials live paycheque to paycheque and worry they won’t be able to pay their bills and expenses.

Additionally, the survey found that:
💸 One third of gen Zs and millennials are worried about the cost of living.
💻 43% of gen Z and 33% of millennials say they have a second job. Top side hustles include selling products or services online, consulting, running their own business and social media influencing.
🏡 A smaller number of gen Zs (15%) and millennials (13%) have relocated to less expensive cities in order to save money.

Worried young woman looking at bills- Getty

One 21-year-old Australian student who participated in the survey said:

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“I do think our generation struggles with high cost of living and financial concerns. I think the housing market at the moment is just crazy and is nothing like what our parents’ generations faced … I currently have three jobs. I have to do this in order to make enough money to live my life as a full-time student.”

And life is only about to get more expensive. Inflation and interest rates are at an all-time high.

Tags: billsfinancesInflationjobsmillennialsmoneystressworld news
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