Gen-Zs cut back on spending — ChainStoreAge.com

Concerned about the economy, Gen Z is cutting back on spending:

“Nearly three-quarters (73%) of Gen Zers say they’ve altered their spending habits in the past year, including by cooking at home more frequently (43%) rather than dining out, spending less on clothes (40%) and limiting grocery purchases to the essentials (33%), according to Bank of America’s most recent Better Money Habits survey. An even higher number (85%) of Gen Z reported having ‘one or more barriers’ to achieving financial success.“

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