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While young, many members of Gen Z are already living this way.
Several different reasons contributed to respondents current financial situation.
Notably, Gen Zers struggles with their mental health more than any other generation, according to a Cignastudy.
Though, the survey didnt dive into exactly what they spent their savings money on.
Paying Costs of Other Family
Some members of Gen Z arent just supporting themselves.
Splurging
Gen Z likes to live large more so than any other age group in this survey.
In total, 39.3% of respondents cited this as the cause of their financial woes.
Results of aGOBankingRates studyrevealed Gen Zs average earnings vary greatly by state.
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