Millennials and Gen-Zers are pulling in bigger paychecks, but much of their spending power is fueling short-term purchases like groceries and vacations, not savings
Young adults are getting used to living on a financial cliff
https://www.nbcwashington.com/news/national-international/young-adults-are-getting-used-to-living-on-a-financial-cliff/3547014/
Many young people came of age between two recessions, a pandemic and crushing student loan debt.