Summary
38% of Gen Z adults, under 27, report experiencing a “midlife crisis” due to financial instability, mental health struggles, and career uncertainty.
Financial stress, cited by 30%, stems from rising living costs, stagnant wages, and unattainable milestones like homeownership.
Mental health challenges and career difficulties further compound the crisis. Many turn to “doom-spending” on non-essentials for escapism, worsening financial pressures.
Experts urge older generations to provide practical financial guidance to empower Gen Z and help them achieve long-term stability and growth.
As a midlife millennial experiencing financial instability, mental health struggles and career uncertainty - can relate and don’t blame these kids in the slightest.
Wish I could say things get better, but I lack supporting evidence. Experience what happiness you can with what you have.
You’re only 2% behind them. It’s every generation by the way that’s having issues. I bet boomers and gen x are having less but similar numbers. This is a class issue, not a generational one.
Yeah, basically right. I had a joke written that I’m calling dibs on publishing this survey for the next generation, but the thought depressed me out of posting it.
This has been going on since mid GenX, believe it or not–the Boomers were the last group to be able to just get in and work a job. It wasn’t until the Millenials, however, that people started talking about it instead of just accepting it as normal.