Gen Z: Still Living at Home, Struggling With Financial Stability

“This report demonstrates the need for employers to provide meaningful and impactful financial benefits to help their employees, particularly Gen Z, despite the negative effects of inflation,” DailyPay chief executive Kevin Coop said in a statement.

The research showed that the timing of pay could help young workers take care of monthly expenses. Nearly three-quarters of employed Gen Zers said having access to their pay every day, as opposed to waiting until a scheduled payday, would help them pay bills on time.

Because of the current state of the economy, the youngest adults also appear to have worries when it comes to saving money. Seventy-eight percent of this cohort said they have been able to save less than they did last year, or only the same amount or nothing at all.

Still, many Gen Zers may not be pessimistic about the long-term future. Only 33% said they are worried that they will find it more challenging to buy a house because of inflation, and just 20% worried that it will be more difficult to pay for health care for parents or family members.