The kids aren’t alright.
It’s no surprise that Gen Z — the generation born between 1997 and 2012 — isn’t the best with their money. A poll from Newsweek revealed that adult Zoomers have around $94,000 in personal debt — thanks to never-ending credit card spending.
And the proof is in the pudding — according to the 2025 TIAA Institute-GFLEC finance and retirement report, most of Gen Z is financially illiterate.
The report showed that on average, Zoomers score only 38% correct on financial literacy tests.
Because of this, in the U.S., 29 states now require a personal finance course as a high school graduation requirement.
However, the course requirement comes a little too late for Gen Z since 3 out of 4 of them wish they were taught finances 101 in school because they don’t feel prepared now, according to a recent report from…
