cupure logo
taxtrumpbillhighdealtrumpshitwelfaretradetech

How gen Z is rewriting money rules: ‘I thrift, I splurge, I save 25%’

From vintage finds to Spotify and savings goals, four gen Zers share what budgeting looks like in their real livesFrom no-buy-years to second-hand shopping, gen Z seems to have its own unique spending habits. A global rise in the cost of living combined with a highly competitive job market means that 69% of gen Z use some sort of budget to manage their finances.Their priorities, and what they choose to save for, are different from their boomer counterparts. Gen Z is more likely to spend money on subscriptions, from meal kits to Spotify. There’s also the trend of “doom spending”, which is purchasing non-essential items to cope with either personal or wider political issues.$40 for electricity$40 for internetAbout $85 on average for gas$110 for car insurance$100 for upcoming medical procedure [not included in medical healthcare]$530 for six months of medical testing, so about $89$120 for supplements such as painkillers, vitamins, collagen powder and protein powder$45 for phone$25 for internet$8 for renters’ insurance$150 for gas$250 for car insurance$100 for car repairs$75 for public transport$250 for food$25 for bathroom supplies$10 for household supplies$111 for insurance$105 for food$20 for Spotify$12 for Hulu$8 for Apple arcadeAbout $1,825 for rent$25 for phone$60 for gas$600 for six months of car insurance, so about $100$10 for foodAbout $40 for medicine and vet bills Continue reading...

Comments

Business News