How Gen Z is shaping the future of personal finance

#genz #yahoofinance #personalfinance

According to a new H&R Block (HRB) survey, 2 in 3 Americans believe they will have greater economic opportunities than their parents. H&R Block’s President of Global Consumer Tax, Curtis Campbell, provided insights on the key factors driving this sentiment.
Campbell notes that two main points are contributing to this optimistic outlook: wages are currently outpacing inflation, and there is a greater focus on increasing savings and paying off loans.
He also observed that side hustles have become “increasingly more popular, and we expect that trend to continue to grow.” Campbell noted that this is especially prevalent among Gen Z, with multiple streams of income on the rise. The top side hustles for this group include conducting/answering surveys, driving for an app, and testing or reviewing products.
“We found that Gen Z is more innovative and financially savvy than most people might expect,” Campbell stated. “This group is changing jobs at unprecedented rates mainly to increase their salary. This group is also the masters of the side hustle.”
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This post was written by Angel Smith

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