Economic Stress Is Keeping Young Americans Up At Night Heading Into 2024, Survey Finds

As the economy has tightened and inflation impacts are setting in for the U.S. across the board, young Americans seem to be losing more sleep over their finances than older generations, according to a survey.   

Financial services company Empower released a report this week, in which they asked a range of Americans about their happiness regarding their financial status. The August survey by Empower gathered answers from 2,000 Americans over the age of 18.

While roughly 73% of spenders and savers experienced financial stress, roughly 56% of Gen Z and 51% Millennials told the company that their financial situations “keep them up at night,” according to the report. Comparatively, only 37% of Gen X and just 20% of Baby Boomers were in agreement with the sentiment.