Gen Z strikes a balance as savvy spenders, smart savers

Generation Z adults prove to be more financially sophisticated than any previous generation was at their age, according to The 2022 Investopedia Financial Literacy Survey. 

Dar es Salaam. Often perceived as extravagant, Generation Z has proven to be a demographic that spends considerable time and effort planning for their financial future.

This awareness stems from witnessing millennials struggle with massive debts and other financial challenges, prompting the younger generation to take a proactive approach to financial literacy and planning.