Two studies reveal that a significant portion of younger Americans feel unprepared to handle their finances. According to MassMutual, 33% of Gen Z and 36% of millennials lack financial readiness. Another survey by Experian shows that about 70% of Gen Z and millennials believe the current economic environment hampers their financial independence. These findings reflect the impact of inflation and economic challenges on the younger generation. They are actively seeking solutions to alleviate financial anxiety and move forward. Amanda Wallace from MassMutual emphasizes the universal experience of rising costs affecting daily expenses.
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