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Gen Z, millennials want to invest — but many aren't, CNBC/Generation Lab survey finds. Here are the issues

·1 min

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Young Adults Face Challenges in Investing as Expenses Rise

Nearly two-thirds of young adults see the stock market as a great avenue for wealth building and investing, but many are struggling to participate, a recent survey has revealed. Approximately 48% of young adults do not have enough savings to cover more than two months’ worth of expenses. Despite earning more, Gen Z adults and millennials are finding it difficult to budget for investments due to rising living costs. The survey, which interviewed over 1,000 young adults in the US, indicated that only 11% have enough savings to cover a year of living without income, highlighting the need for increased financial stability.