Gen Z plans to increase non-essential spending despite economic uncertainty, potentially leading to debt

From Yahoo Finance: 2025-04-18 06:50:00

Investors are preparing for the impact of Trump’s trade policies, which are causing financial anxiety and uncertainty in the economy. Meanwhile, Generation Z is planning to spend more on non-essential purchases in 2025, despite high levels of debt from credit card bills and personal education loans. Experts warn that prioritizing indulgences over savings during economic uncertainty could leave young consumers vulnerable to debt. The National Retail Federation projects retail sales to hit $5.42 trillion in 2025, driven in part by younger generations. Building a budget, creating an emergency fund, and contributing to a retirement account are essential steps to financial preparedness.



Read more at Yahoo Finance: A staggering 40% of Gen Zers plan to splurge more on non-essentials this year. Is it time for a reality check?