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Why are Gen Z Broke? | The Stream

Gen Z are struggling financially. A 2023 survey of Gen Z in 44 countries suggested that around half of them were living paycheck to paycheck and almost half needed a side job. So why are Gen Z broke? “Gen Z spends all their money on avocado toast and coffee and all they do is sit on social media and they don't wanna work” - or such is the perception of the financial woes afflicting Gen Z. Studies show that Gen Z are the generation least likely to have savings or a plan for the future when it comes to money - but the "doomers" also report very little hope in the future. Presenter: Myriam Francois Guests: Grace Blakeley - Author and economics commentator Anushka Rathod - Finance content creator Max Lu - YouTuber More from The Stream on: Facebook:   / ajstream   Twitter:   / ajstream   Instagram:   / ajstream   Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter   / ajenglish   Find us on Facebook   / aljazeera   Check our website: https://www.aljazeera.com/ Check out our Instagram page:   / aljazeeraenglish   Download AJE Mobile App: https://aje.io/AJEMobile #genz #money #youth @AljazeeraEnglish #aljazeeraenglish #news #thestream