Skip to content
Home » News » New York State » Gen Z, Millennials struggling with economy of adulthood

Gen Z, Millennials struggling with economy of adulthood

  • / Updated:
  • Staff Report 

A new report has found that a majority of Americans under 42 years old, particularly Gen Zers, are struggling with adulthood. According to a survey conducted by Insuranks.com in January 2023, 63 percent of respondents reported feeling burned out by adulting. The survey included 1,050 Gen Zers and Millennials, with almost 30 percent being Gen Z and the rest being Millennials.

The survey found that Gen Zers and Millennials struggle with basic adulting tasks, such as knowing how to change a tire, do an oil change, or jumpstart a car. In fact, 63 percent of respondents didn’t know how to do an oil change, while 48 percent didn’t know how to change a tire. Additionally, 42 percent of respondents didn’t know how to jumpstart a car, and almost half of the respondents didn’t know how to tie a tie.


The report also showed that Gen Zers and Millennials are struggling with managing their finances. The survey found that more than half of Gen Zers believe they don’t have adulting figured out, with 80 percent feeling confused about navigating life as an adult. Moreover, 63 percent reported feeling burned out already, while only one in five of the youngest generation believed they’ll have it figured out by 30.

The report found that almost half of Gen Zers and Millennials would pay for an adulting class to teach them the skills needed to succeed in their careers. The report also revealed that 68 percent of respondents felt healthcare was the most challenging aspect of insurance to manage.

Furthermore, the survey discovered that half of Gen Zers still live with their parents, with 51 percent admitting to taking advantage of living with their parents. Even those who live outside the house still receive financial assistance from their parents, with 36 percent of Gen Zers admitting their parents help pay their rent.

Overall, the report suggests that Gen Zers and Millennials are struggling with the transition to adulthood, with financial and practical skills being key areas of concern.



Categories: New York StateNews