It’s graduation season! Across the country, college students are donning their caps and gowns, marching to “Pomp and Circumstance,” and taking the next big step in their adult lives: Finding their first post-grad job.
One thing that has defined millennials has been their financial woes: Graduating into the Great Recession of 2008, carrying crippling student loan debt, and struggling to build wealth during periods of high inflation and rising cost of living. Now that Gen Z is graduating and joining the workforce, will this generation face the same challenges?
We surveyed 1,000 college students and recent graduates (most of them members of Gen Z) to learn more about the job landscape they face and their saving and spending behaviors. What we found is that many of them are hopeful about their job prospects and trying to save and invest where they can — but most are still having a hard time finding good jobs with salaries high enough to cover all their bills.