(NewsNation) — Younger Americans feel the strain of the economy, with most of surveyed Gen Zers revealing they are stressed or anxious about their finances.
More than 50% of Gen Z (born 1997-2912) is either getting by or struggling to make ends meet, according to a Harvard Institute of Politics survey. And a growing number of adults are relying on loans.
The financial insecurity among this group is even more alarming for young women, young Hispanics and young people without a college degree.
Prices for many goods have skyrocketed, and some of those surveyed are still repaying student loans.
The survey was done in March, so it doesn’t reflect the impact of global tariffs.
NewsNation previously reported on the growing popularity of the buy now, pay later option retailers offer.
About one in four people who use buy now pay later are using it for groceries, a 14% a increase from the previous year, according to LendingTree.
