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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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[–] Walk_blesseD@lemmy.blahaj.zone 7 points 4 days ago

dude unhinging his jaw to eat the powder that makes you say "real"