New data shows Gen Z is spending on travel, coffee, cosmetics and jewelry — bucking the K-shaped pattern where higher earners recovered from the pandemic much faster than lower earners.
Birmingham is the number one metro area for young professionals when looking at hiring rates for college graduates in their 20s, affordability, and wages, according to ADP.
Fewer than half of consumers say they feel financially stable, according to data from analytics company JD Power. But for consumers under 40, things look especially challenging.
Groups geared towards educating young people about finance and investing are reporting increased participation. Financial institutions are taking note, too.