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 millennials and Gen Z find weddings and social events a barrier to their saving goals?❯

46% of millennials and 48% of Gen Z find weddings and social events a barrier to their saving goals.

Who conducted the survey on Gen Z and millennials' financial attitudes towards social events?❯

What percentage of millennials use their emergency funds to attend events or buy gifts?❯

How often do millennials tap into their emergency funds?❯

Which article is linked for further reading about Gen Z and millennials' financial perspectives?❯

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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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