Generation Z is learning from the mistakes of Millennials, and already appear to be more equipped for certain challenges.
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GenFKD Gen Z Saving Money

A new generation of fiscally responsible young adults is on the rise, learning from the mistakes of their millennial predecessors. How is Gen Z better preparing for the future?

Posted by Gen FKD on Sunday, April 8, 2018


It seems like millennials get all the attention these days, but what’s going on with those rascals in Generation Z? We all know that Millennials eat too many avocados and worship Beyonce too much (if that’s possible) but Generation Z is busy making waves of their and we should all sit up and take note. This new generation encompasses young adults born from 1995-2012 and they have recently come of age and entered the workforce. Although they are our youngest generation they have already had a large social and economic impact.

Economic comparison

Millennials are having economic issues due to some pronounced disadvantages. For instance, the rise of living expenses, as well as educational costs have resulted in massive amounts of debt amongst the millennial population. Our debt predicament, of course, spirals into the inability to effectively provide for a future retirement. The national student debt is currently valued at $1.33 trillionGeneration Z is determined not to be an indebted generation because, well, they have observed the consequences in their older brother and sister generation. A 2017 National Gen Z study found that Gen Z’ers  are smarter with money — 12 percent already are saving for retirement.Whereas 32% of millennials are saving for retirement. But Millennials are older, and so 12 percent is, in effect, far higher of a percentage when adjusted for age. 

This is not to disparage millennials for entering an educational system that was far too expensive. And it is not the millennial generations fault that their massive debt has prevented them from looking ahead into retirement (or lack thereof…). But none of this should prevent us from applauding Gen Z’s foresight and their determination to have a more financially sound plan that doesn’t involve debt up their chins.

Generation Z’s priorities.

Not only is Generation Z prioritizing savings accounts, they also carefully monitor their purchases. When it comes to shopping, 78 percent of Gen Z carefully scrutinize ratings and reviews beforehand so as to make the most informed purchase possible. Millennials are more likely to buy products they are constantly exposed to on social media. Gen Z’s habits will soon overcome marketing trends as user reviews will inevitably start to matter more than exposure to a product on social media and similar platforms.

Generation Z is considered a “throwback” generation. They have the drive, frugality, and mindset to begin saving money for future family-building. This is a more traditional American Dream mindset. Socially, Generation Z have prioritized the cultivation of communication and problem-solving effectiveness skills. Millennials have been told they are lacking in these areas. To prevent the Millennial dearth becoming their own, Generation Z has been assiduously taught open communication and community problem-solving skills in school from an early age. They have learned from the mistakes of millennials and are set to dominate as a financially and socially elevated generation.


Millennials have some negative habits and life-realities, but most of their struggles come from systems set up from past generations as well as poor education in finance and life skills. Generation Z is overstepping the snags that millennials tripped upon. But before you get too self loathing, they, of course, had the benefit of seeing us trip. They seek to have solidified saving accounts as well as better communication within work environments. Gen Z is more connected and grounded in their money. Especially when it comes to spending it. Hopefully, this new generation can help shape a more financially educated society to lessen some of the individual debt that’s expected of young people.


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Posted 04.06.2018 - 10:00 am EDT