Recent analysis from NatWest bank initially appears to back up this withering assessment. According to their findings, one in five university students don’t go to the pub and around a quarter don’t hit up nightclubs, either. In fact, half of them are going out less as a general rule. But here comes the catch: Gen Z aren’t doing this out of some inbuilt generational puritanism. They’re doing this to save money.
square WELLBEING Chewing the fatThere’s a dark side to matcha, Gen Z’s favourite drink
Read More
Clearly, these financial decisions aren’t the result of an unusually tightfisted generation – instead, the image painted by the NatWest Student Living Index, which has been running annually for the last decade, is one of bleak financial desperation. According to their findings, 31 percent of students have reduced the number of meals they eat in a day in order to save on food costs and one in four have turned down the heating to lower their bills.
As the Times reports, maintenance loans haven’t kept pace with increases in rent and food. Once you adjust for inflation, the maximum amount available in loans actually works out to be £1,300 less than it was in pre-pandemic times. That should put any Gen Z asceticism into perspective: if you’re waking up shivering in the night in your mouldy student rental or worried about not getting to eat three times a day, downing pints and pulling a fresher on the dancefloor is obviously not going to be high up on your list of priorities.
square WORK I was a workaholic in my 20s - I wish I'd prioritised myself like Gen Z
Read More
But there’s plenty that unites millennials with our zoomer counterparts, including the fact that we were both forged in the fires of economic precarity. My generation graduated into the burning embers of the post-2008 recession economy, while the double whammy of Brexit and the pandemic pummelled the prospects of those who came after us. Yet while we can reasonably account for our own behaviour, we don’t extend the same understanding to Gen Z. Perhaps it speaks to a wider incuriosity about the young that society can’t comprehend their abstemiousness as rational decisions made under economic duress in an increasingly unstable world – and instead uses it as another stick to beat them with.
If we want young people to go out, we don’t need to invest in a personality transplant for an entire generation. The answer could be as simple as making it cheaper to have fun. Bring back the £2.50 pint and the £3 quad vods; resurrect the free student union night where the dancefloor has a decade-old patina of sweat and sticky drinks. Failing that, a little compassion and sympathy for a hard-up generation wouldn’t go awry.
Hence then, the article about gen z aren t boring they re broke was published today ( ) and is available on inews ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Gen Z aren’t ‘boring’ – they’re broke )
Also on site :
- Trump’s Christmas Eve calls with children asking about Santa’s whereabouts are steeped in partisan politics
- Update: Flood watch affecting 5 Freeway north of LA until early Friday evening caused by persistent downpours
- Ukraine-Russia war latest: Zelensky awaits Putin response to new peace plan while Christmas Eve blast kills 3 in Moscow