Newsweek - A new survey has revealed that Gen Z is taking on financial responsibilities much earlier than previous generations, with many handling bills, credit cards and budgeting much better than their older counterparts. The survey, conducted by Talker Research, polled 2,000 Americans from four generations—500 each from Gen Z, millennials, Gen X, and baby boomers. The findings explore when Americans feel they truly become adults, with most respondents indicating that the reality of "adulting" hits at age 27, rather than the traditional milestone of turning 18.
But for Gen Z, the survey found that financial independence is happening earlier than expected. By age 22, 56 percent are already paying their own bills, 41 percent have obtained a credit card, and 46 percent have learned how to budget—milestones typically associated with later stages of adulthood.
In comparison, millennials generally reached these financial milestones by age 28, while both Gen X and baby boomers opened savings accounts at an average age of 26.
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