young employees working on project (Photo: Shutterstock)

A startling three out of four Gen Z hourly workers are stressed managing their finances, and that stress is negatively impacting their health. New data from a recent Harris poll (with help from Funding Our Future and DailyPay) illustrates the challenges faced by the youngest sector of the workforce. Many hourly workers in the Gen Z demographic (those aged 18-26 years old) are struggling to manage their finances, pay bills on time, and keep up with their mental health. Inflation (currently around 3%), has been noted as a major detriment to Gen Z hourly worker's finances over the past year:

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  • 96% find managing their finances stressful
  • 85% say inflation has negatively impacted their finances in the past year
  • 79% don't always have enough cash to pay bills on time

The negative emotions associated with making ends meet is understandable, especially for younger workers. More than half (61%) of Gen X report not always being able to pay a bill on time, yet Gen Z (79%) and millennial (76%) hourly workers are affected even more harshly. Some Gen Z hourly workers report using an on-demand pay app when they are short on cash for immediate expenses.

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