Financial influencer and entrepreneur Haley Sacks joined ‘Fox & Friends’ to explain why young people should now avoid’ buy, ‘pay’ and share other financial tips.
A new study says that most Millennials and Gen Z find that friendships are becoming too expensive.
The study, called “The Friendship Tab” and Commissioned by Ally Bank, Discovered that 44% of Gen Z and Millennials say that they have skipped major social events due to costs.
The study showed that almost one Quarter of Gen Z And Millennials say they are afraid to miss friendships and community because of financial limitations, and 42% said they played too much on activities with friends a few months of the year, while 18% said they spent their budget on their budget every other month.
A new study says that most Millennials and Gen Z find that friendships are becoming too expensive. (Istock)
Almost a quarter of the respondents said they are worried about lifestyle and financial differences with their friends and 22% said they have fear when they are uncertain about being able to pay for activities with friends.
Almost one in five people said there have been cases they thought couldn’t be fair With friends about their finances.
Despite the financial misery, the younger strip of the population still wants to be connected and spends a large amount of money on food and alcohol.
Thirty -two percent of Gen Z and Millennials said they go to a bar or restaurant with friends at least every week.
Fifty -two percent of these groups of young people reported that they had one to three friends with whom they often come together.
Almost one in five people said there have been cases that they thought they could not be honest with friends about their finances. (Istock / Istock)
The most common activities include going to a restaurant or bar 72%of the time, spending time outside came at 56%, and attending birthday celebrations was 50%.
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The study also showed that there is work to do With Millennials and Gen Z Learn Budget, because 18% of people who responded said they have a strong budget for activities with friends, and 59% say that their financial goals are influenced by doing things with friends.
