this post was submitted on 01 Jan 2025
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Economics

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38% Gen Z adults suffering from 'midlife crisis', stuck in 'vicious cycle' of financial, job stress (www.moneycontrol.com)
submitted 5 days ago* (last edited 5 days ago) by MicroWave@lemm.ee to c/economics@lemmy.world
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Summary

38% of Gen Z adults, under 27, report experiencing a "midlife crisis" due to financial instability, mental health struggles, and career uncertainty.

Financial stress, cited by 30%, stems from rising living costs, stagnant wages, and unattainable milestones like homeownership.

Mental health challenges and career difficulties further compound the crisis. Many turn to "doom-spending" on non-essentials for escapism, worsening financial pressures.

Experts urge older generations to provide practical financial guidance to empower Gen Z and help them achieve long-term stability and growth.

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[–] Ekybio@lemmy.world 80 points 5 days ago (2 children)

You cant fight a systemic problem with a personal solution in the long term.

I can go to my psychiatrist for as long as I want, but that wont stop climate change from being real, the owning class from exploiting me or fascicsm from wanting to end my life.

I dont need therapy, but CEOs rotting in solitary confinement for their crimes against humanity and this planet.

[–] sin_free_for_00_days@sopuli.xyz 14 points 4 days ago (1 children)

Seems like almost every policy I've seen treats the symptoms and not the disease.

[–] Someonelol@lemmy.dbzer0.com 17 points 4 days ago

It's more profitable for shareholders that way.