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.
We were in the “Great Recession” by the time I was an adult needing a normal job. It absolutely sucked, and I feel for all the young adults going through a similar thing.