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Affinity FCU Research Finds Gen Z Most Optimistic About Their Financial Future

On the flip side, Gen Z feels the least confident about handling a financial emergency.

Road shaped as a dollar sign with half of the road on solid ground and the other half hanging over a cliff. Source: Shutterstock.

Findings from a new research series published by the Basking Ridge, N.J.-based Affinity Federal Credit Union discovered the financial health and well-being of consumers varies widely from generation to generation. Of the thousands of people surveyed, each generation had differing levels of concern about inflation, budgeting, financial education, savings and retirement.

Affinity released its Well-being and Your Wallet Index on Monday, which consisted of a 42-question survey of more than 3,000 people in New Jersey, New York, Connecticut and Pennsylvania. The survey was completed in December 2022 and its questions focused on “key financial well-being concerns impacting consumers, including addressing mounting inflation concerns on everyday spending and budgeting and access to financial education and resources.”

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Michael Ogden

Michael Ogden

Editor-in-Chief for CU Times.

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