Highlights

Survey shows gen Z and millennials believe weddings and social events are a bummer in their saving goals
The survey was done by Prudential
Millennials are opening up their emergency funds

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Half of Gen Z and millennials believe weddings and social events are bummer in their money goals

Name: Half of Gen Z and millennials believe weddings and social events are bummer in their money goals
Uploaded: 2023-01-04T14:24:50.000+05:30
Duration: T00M43S
Channel: Editorji News Desk
Description: In the survey, it was also found that a quarter of millennials are opening up their emergency funds at least once a month. Know more

In the survey, it was also found that a quarter of millennials are opening up their emergency funds at least once a month. Know more

Updated: Sep 02, 2022 10:53

Editorji News Desk

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Half of Gen Z and millennials believe weddings and social events are bummer in their money goals

Amidst the ongoing inflation, half of Gen Z and millennials believe that weddings and social events are coming in the way of their personal saving goals, as per a survey.

The survey was done by Prudential which found out that for 46% of millennials and 48% of Gen Z spending on weddings, baby showers or other social celebrations act as a barrier for their money goals.

The survey also stated that a quarter of millennials are opening up their emergency funds at least once a month and 23% said that they have done so to pay for a gift or attend family or friends' event.

Also Read: Why are Gen Z and millennials feeling older than their age?

Frequently Asked Questions

What percentage of Gen Z believe social events hinder their money goals?❯

48% of Gen Z believe that spending on weddings, baby showers, or other social celebrations acts as a barrier to their personal saving goals.

How many millennials report using their emergency fund monthly?❯

What is a reason some millennials use their emergency savings?❯

Which generation was surveyed about finances and social events?❯

Who conducted the survey on financial goals and social spending?❯

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Half of Gen Z and millennials believe weddings and social events are bummer in their money goals

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