Around a quarter (24%) of young adults claim the ongoing “cost-of-living crisis” is the leading cause of anxiety in their life. And they say rising energy bills (46%), petrol (44%) and food prices (43%) are hitting their finances the hardest.
More than three-quarters (76%) will be forced to change their spending habits to navigate the current financial landscape. Going out less (54%), shopping less (52%), and reducing food deliveries (51%) are among the top cutbacks Gen Z are having to make.
And worryingly, over one in ten (12%) think they will have to reduce their pension contributions, too – with this figure rising to 27% among young Scottish adults.
