While both Gen Z and millennials have lived through economic recessions in the 21st century, the two generations are less alike financially than you may expect. The Future of Finances: Gen Z & How They Relate to MoneyMore: If Your Credit Score Is Under 740, Make These 4 Moves Now A 2019 working paper found that millennials, those born from 1981 to 1996, were severely impacted by the Great Recession. The average millennial lost about 13% of their earnings, according to Kevin Rinz, Census Bureau economist. Additionally, due to this recession, Gen Z (born from 1997 to 2012) lost 9%…Read More
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Gen Z at School
You, as a parent, want the best education possible for your child. Or, if you're a student, you might be dreaming about an Ivy League college or one of the most prestigious private campuses offering a world-class education. Learn: 22 Side Gigs That Can Make You Richer Than a Full-Time JobMore: This Credit Score Mistake Could Be Costing Millions Of Americans But then there's the sticker shock. Stanford University and the Massachusetts Institute of Technology both cost about $58,000 a year for tuition and fees – room and board not included. At Vanderbilt University, it's $60,000-plus. A great college education…Read More
The image of the stereotypical broke college student is changing. According to Feeding America, the teenager fresh out of high school who still depends on mom and dad now represents less than one-third of America's college population. Today's college students tend to be older adults who are financially independent, enrolled part-time, working full-time and often supporting kids of their own. Explore: Your Biggest Money Etiquette Questions AnsweredCash App Borrow: How To Borrow Money on Cash App Many of them are going back to school to improve their lot in life because they're struggling financially — and struggling to afford food. According to…Read More