Generation Z, born from 1997 onward, is facing challenges with traditional life milestones in the modern economy. A study by EY revealed they are often misunderstood, adopting a pragmatic approach that distinguishes them as the "pragmatic generation." Young adults aged 18-34 prioritize long-term stability instead of merely chasing wealth. A significant 87% find financial independence important, but a mere 42% view wealth as a primary success marker. Instead, they value mental and physical health, family relationships, and see financial stability as a means to achieve flexibility and purpose in life.
Gen Z approaches "life's traditional milestones" with a sort of "reasoned skepticism." They are taking a surprisingly pragmatic approach to adulthood, finances, and their future.
87% of Gen Z say financial independence is important, yet only 42% rate wealth as a primary marker of success, prioritizing mental health and relationships.
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