New Spinwheel Consumer Research Reveals 50% of Gen Z Are Avoiding Their Finances
AI Briefing
- 57% of consumers think about debt is overwhelming, regardless of debt amount or type.
- 72% of Millennials find debt overwhelming, compared to 57% of other generations.
- Only 28% of consumers feel in control of their finances.
Source Summary
OAKLAND, Calif.--(BUSINESS WIRE)--Today, Spinwheel published the results of its latest survey of more than 600 American adults. The research explores how consumers feel about debt, how they manage it, and what their responses reveal about the growing challenge of debt complexity.Key findings include:Debt Is OverwhelmingRegardless of the amount or type of debt, 57% of consumers agree that thinking about debt is overwhelming. Among younger generations, this is even higher — 72% of Millennials and
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