How Gen Z Deals With Their Financial Fears

From education to careers to saving money, Gen Z certainly marches to a beat of their own drum. The post-millennial generation made up of those born from 1997 to present, these young people are growing up fast, and can you blame them? Learning lessons from the mistakes made by generations before them, Gen Z knows exactly what they want for their future and they’re building it all around financial security.

During their educational careers, Gen Zers plan on saving as much money as they can — 66% plan on attending in-state colleges for fair tuition, and 19% plan on living at home for the duration of college. As graduating adults, this hefty work ethic and natural sense of responsibility carries into their professional lives, as Gen Z strives to assert themselves as valuable team members. After graduation, 78% of Gen Zers already have a completed internship or apprenticeship under their belt, 75% say they are willing to relocate to another state for a job offer, and 58% say they are willing to work nights and weekends. Gen Zers are also very likely to diversify their talents, as 77% of them earn extra money on the side through freelance work and part-time jobs.

By 2020, Gen Z will make up 40% of all consumers, and they already have a spending power of $29 billion to $143 billion. Take a look at this infographic for more detail on Gen Z financial fears, how they are taking hold if their future, and what that means for the economy.