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YouthSight eBook - Banking on the next generation

Gen Z's attitudes to money and how you should react

Gen Z's attitudes to money and how you should react

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L<strong>on</strong>g term goals mostly drive Gen Z to save m<strong>on</strong>ey<br />

35% of Gen Z plan to start saving<br />

for retirement in <strong>the</strong>ir 20s. 12% of<br />

<strong>the</strong>m are already saving.<br />

52% of prospective Gen Z home<br />

buyers are already saving for a<br />

house.<br />

59% of Gen Z want to buy a<br />

home within <strong>the</strong> <strong>next</strong> 5 years.<br />

7<br />

Source: Bank of America, The Homebuyer Insights Report, The Center for Generati<strong>on</strong>al Kinetics

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