Gen Z adapts to inflation by cutting travel and groceries, shopping at thrift stores.

From Yahoo Finance: 2025-04-19 14:01:00

Gen Zers spent over 20% more in December 2024 due to “doom spending” to cope with inflation stress, according to Fortune. Personal finance expert Peter Tran notes impulsive purchases lead to anxiety over accumulating debt, but Gen Z is adapting by saving on travel and groceries to stretch their wallets.

Tran suggests Gen Z take shorter, closer trips to save on costs and still enjoy a break. Buying groceries in bulk at wholesale clubs helps save money long-term. Instead of paying full price, Gen Z is shopping at thrift stores for better deals on clothing, reducing overall spending.

Gen Z is offsetting spending by taking on part-time jobs and side gigs. Tran advises on money-saving tips like bulk food prep, waiting for sales, and finding second income streams like freelance work or ride-share driving. By adapting their habits, Gen Z can navigate inflation challenges and maintain healthy financial practices.



Read more at Yahoo Finance: 4 Ways Inflation Is Changing Gen Z’s Spending Habits