Gen Z will represent 27% of the workforce by the year 2025. But with more than one in four saying they lack confidence in their financial knowledge and skills, Gen Z is the least financially confident generation. The lack of confidence shows in their investment strategies. A new WalletHub survey finds a substantial 57% of Gen Zers prefer savings accounts as their investment method. In contrast, 46% of baby boomers prefer stock investments.
The choice of safer options reveals a careful approach to financial risks and a strong desire for stability among the younger generation. Generational Attitudes and Behavior Toward Financial Management The differing age groups had varied opinions on financial topics such as budgets, economic security, and the most significant obstacles to achieving financial success. GEN Z HAS NO TIME FOR THE CORPORATE GRIND. ARE THEY LAZY OR SMART? 1. Financial Knowledge and Skills Generation Z emerges as the least fiscally confident generation, with 28% expressing a lack of confidence in their financial capabilitie