Economics

477 readers

8 users here now

founded 2 years ago

181

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

14 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] stoly@lemmy.world 1 points 4 days ago* (last edited 4 days ago)

This has been going on since mid GenX, believe it or not--the Boomers were the last group to be able to just get in and work a job. It wasn't until the Millenials, however, that people started talking about it instead of just accepting it as normal.