Connect with us


How Gen Z Feels About Its Financial Future



Gen Z financial future

Can I share this graphic?
Yes. Visualizations are free to share and post in their original form across the web—even for publishers. Please link back to this page and attribute Visual Capitalist.
When do I need a license?
Licenses are required for some commercial uses, translations, or layout modifications. You can even whitelabel our visualizations. Explore your options.
Interested in this piece?
Click here to license this visualization.

The Briefing

  • 4 in 5 Gen Zers believe they will be at least as financially successful as their parents
  • Gen Zers have a more positive outlook on their financial well-being than their millennial or Gen X peers

How Gen Z Feels About Its Financial Future

From rising costs of living to the effects of the pandemic, Gen Z was hit by multiple crises as soon as they stepped into the workforce.

To start, the rising cost of education and the resultant soaring student debt has many Gen Zers questioning the value of post-secondary education. Meanwhile, the widespread layoffs and economic uncertainty have them worried about stable employment. In addition, anxiety around climate change is a very real factor affecting how younger generations view their future prospects.

A survey conducted by Morning Consult—visualized in the graphic above—found that while the Gen Z is feeling more uncertain about their financial future than ever, most believe that they will be financially better off than their parents, if not the same.

The table below highlights exactly how the Gen Z feels about its financial future.

Gen Z Repondent CategoriesBetter off than parentsSame as parentsWorse off than parents
Other Races44%41%15%

Breaking the Narrative: Gen Z’s Optimism

Gen Z is an optimistic and driven generation. Many young people in this generational cohort are turning to entrepreneurship and side hustles as a way to supplement their income and build a brighter future.

So, when asked how they would fare financially when compared to their parents, it makes sense that 38% of the Gen Z youth surveyed by Morning Consult believed that they would be better off than their parents. 43% believed that their financial situation will remain the same and only 19% felt that they would be worse off.

Irrespective of gender and race, four in five Gen Zers said that they would be better off than their parents, if not the same.

So, while many of the stories we hear about the outlook for Gen Z are negatively framed, this generation is more optimistic and determined than one might expect.

Where does this data come from?

Source: Morning Consult

Data notes: Survey conducted Nov. 2-8, 2022, among a representative sample of 1,000 U.S. respondents between the ages of 13 and 25, with an unweighted margin of error of plus or minus 3 percentage points. Figures may not add up to 100% due to rounding.

Subscribe to Visual Capitalist
Click for Comments


The 10 Longest Range EVs for 2023

This infographic lists 10 of the longest range EVs currently for sale in the U.S. in 2023. The Lucid Air takes first place at 516 miles.



The Briefing

  • EV models with over 300 miles (480 km) of range are becoming more common in the United States
  • The Lucid Air (Grand Touring trim) has the highest EPA range at 516 miles (830 km)

The 10 Longest Range EVs for 2023

Range anxiety is frequently cited as one of the biggest turnoffs of electric vehicles (EVs).

Even as recent as 2021, the average range of an EV was just 217 miles (349 km), falling significantly short from the average gas car’s range of 413 miles (665 km). Thankfully, as this infographic shows, EVs with over 300 miles of range are becoming more common.

Below are the top 10 EVs for 2023, ranked by their EPA combined driving range. For further context, we’ve also included price. These values are for the specific trim that achieves the stated range. In some cases, more expensive trims are available but have a lower range (e.g. Tesla Plaid).

ModelEPA Combined Driving RangePrice*
Lucid Air516 mi (830 km)$138,000
Tesla Model S405 mi (652 km)$84,990
Hyundai Ioniq 6361 mi (581 km)$45,500
Tesla Model 3358 mi (576 km)$55,990
Mercedes-Benz EQS350 mi (563 km)$104,400
Tesla Model X348 mi (560 km)$94,990
Tesla Model Y330 mi (531 km)$52,990
GMC Hummer EV Pickup329 mi (529 km)$110,295
Rivian R1T328 mi (528 km)$74,800
BMW iX324 mi (521 km)$87,100

*Most recent prices available as of April 2023

Note that the EV market is rapidly evolving, and the data in this table has a limited shelf life. For example, Rivian is releasing a battery option dubbed the “Max pack” which promises up to 400 miles, but is not yet EPA rated.

Where Does This Data Come From?

Source: Car and Driver (range), manufacturer websites (price)

Continue Reading