Generation Z dreams of a debt-free future – Millennials are skeptical!

A recent survey from Talker Research shows striking differences in optimism about a debt-free future between different generations. According to the results published in an article by Focus published, 81% of Generation Z (19 to 28 year olds) believe they can become debt free. In contrast, only 66% of Millennials (29 to 43 year olds) express the same confidence. There are even lower levels of optimism among the older generations: 55% of Generation

The survey was conducted as part of a survey of 1,000 working adults in the United States. Experts attribute Millennials' pessimism to various factors. Financial planner Said Israilov cites the financial crisis after 2008, high student loans and difficult job prospects as the main reasons. Joe Camberato, CEO of National Business Capital, emphasizes the greater opportunities for Generation Z to reduce debt, such as through part-time jobs and freelancing.

Financial challenges and opportunities

The differences in the living conditions of the generations are significant. While Millennials often struggle with mortgage debt and high student loans, Generation Z remains loud Newsweek are increasingly living at home longer in order to save costs. About 38% of 2,000 Americans surveyed in this age group say they live with their parents, making it easier for them to save money and reduce living costs. However, financial insecurities in the first few years of work, rising living costs and stagnating wages also pose a challenge for Generation Z. However, it is observed that this generation thinks more long-term than its predecessors.