I tried to stop being anxious about money. It completely backfired.
Source: Business Insider ·
Gen Z faces financial anxiety despite early investing and saving efforts, feeling pressured by social media and economic challenges.
From the source
Getty Images; Alyssa Powell/BIGen Z is afraid.AI will take over their job. They'll never buy a house. They'll go bankrupt caring for their parents. They're being left behind by their peers. They'll never retire.Gen Z is also in pretty good shape.They're investing earlier than previous generations, starting at 19 on average and six years earlier than millennials. A recent Vanguard study found that 47% of Gen Z workers are positioned to retire successfully, compared to 40% of baby boomers, based on Vanguard's analysis of government data. The St. Louis Fed estimates that millennial and older Gen Z households had, on average, 35% more wealth, adjusted for inflation, than boomers did at that age, and younger Zoomers may be on pace to match that trend.Despite the decent footing, Gen Z — currently ages 14 to 29 — can't shake the feeling that something is off. Call it a personal financial vibecession. And it's pretty widespread: Over the past few months, I've spoken to dozens of younger…