According to a new study by H&R Block (HRB), 2 in 3 Americans believe they will have greater economic opportunities than their parents. H&R Block’s president of Global Consumer Tax, Curtis Campbell, provided insight into the key factors driving this sentiment.
Campbell notes that two key factors contribute to this optimistic view: wages are currently outpacing inflation, and there is a strong focus on increasing savings and paying down debt.
He also noted that side hustles “are on the rise, and we expect that trend to continue to grow.” Campbell noted that this is especially common among Gen Z, who have multiple income streams on the rise. Top songs for this group include taking/answering surveys, driving an app, and testing or reviewing products.
“We’ve found that Gen Z is smarter and more financially savvy than most people would expect,” Campbell said. “This group is changing jobs at unprecedented rates especially to increase the salary. This group is also the champion in this game.”
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This post was written by Angel Smith
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