- ORIGINAL NEWS
Gen Z, millennials want to invest — but many aren’t, CNBC/Generation Lab survey finds. Here are the issues
- SUMMARY
Despite earning more, many Gen Z adults and millennials find it difficult to save and invest due to high living expenses.
While 63% of young adults believe the stock market is an excellent place to build wealth, many lack the savings to invest.
Higher expenses limit saving and investing opportunities, with only 11% having enough to cover a year of living expenses.
Despite rising incomes, many young adults prioritize covering immediate expenses over retirement savings or investments.
The number of young adults living with their parents has reached historic levels due to unaffordable housing costs, harkening back to the Great Depression.
- NEWS SENTIMENT CHECK
- Overall sentiment:
negative
Positive
“Nearly two-thirds, 63%, of young adults believe the stock market is a great place to build wealth and invest.”
Negative
“Almost half, 48%, do not have enough savings to cover more than two months’ worth of living expenses.”
“Only 11% have enough savings to cover the cost of living for more than a year if they had no income, while 48% cannot cover more than two months’ worth of expenses.”