Fortune· 1h ago· 1 min read
The plans finally made it out of the group chat: one person covers the apartment rental, another covers dinner for two nights, someone else grabs the concert or sports tickets, while the others are happy to let someone else do the planning. Friends cover the expenses with the expectation they'll get paid, but a new survey says otherwise: Gen Z is spending big on group trips and events, but they're not getting reimbursed.
A new report from Zelle finds that 46% of Gen Z currently owe friends or family more than $1,000, and 30% owe $2,500 or more. Nearly half, 47%, say they've gone into debt covering a group expense they expected to be repaid for, compared with 13% of Boomers.
Dr. Traci Williams, a clinical psychologist and financial therapist, said in an interview that the reluctance to settle up often starts before the trip even happens. “It's really uncomfortable to have money…
Continue reading at FortuneDiscussion
Be the first to comment.
Never miss a headline
Get breaking Nigerian and world news straight to your inbox.
Related Articles
Opus Genetics COO Joseph Schachle sells $13,653 in common stock
3m ago
Read MoreOpus Genetics CEO George Magrath sells $27,925 in common stock
3m ago
Read MoreHancock Whitney CFO Michael Achary sells $1.73 million in common stock
3m ago
Read MoreOpus Genetics CFO Robert Gagnon sells $22,941 in company stock
3m ago
Read MoreElement Solutions tops Q2 estimates on strong electronics demand
3m ago
Read MoreForm 144 Corbus Pharmaceuticals Holdings For: 27 July
3m ago
Read MoreLatest in Business
Corn futures drop as crude oil falls and traders take profits
Investing.com · 4m ago
FAA delaying flights at New York, Philadelphia airports
Investing.com · 6m ago
Happen Inc surges 4% on earnings beat and solid guidance
Investing.com · 8m ago
Simpson Manufacturing sees pricing strength drive Q2 earnings, revenue beat
Investing.com · 8m ago
Student loan default is rising: 3 ways to start paying down your balance — even on a tight budget
CNBC · 14m ago
I made Gordon Ramsay's 10-minute pasta. It's the perfect easy dinner for summer.
Business Insider · 18m ago
NBT Bancorp earnings missed by $0.01, revenue fell short of estimates
Investing.com · 22m ago
Agilysys earnings beat by $0.10, revenue topped estimates
Investing.com · 26m ago
Most Read Today
FIFA president under fire after letter to Argentina FA leaked
Vanguard · 2d ago
Barcelona rejected chance to sign Real Madrid’s €100 million-rated attacking target this summer
Yahoo Sports · 3d ago
Super Falcons unveil new 10-star jersey before WAFCON 2026 opener
Legit.ng · 3d ago
Rory McIlroy Comments On Bryson DeChambeau As Performative At The Open
Forbes · 8d ago
Nigerian students lament delay in NELFUND upkeep allowance
Premium Times · 5d ago
‘Black Panther 3’: David Jonsson to Star as T’Challa’s Son, Sequel Set for 2028
Hollywood Reporter · 2d ago
Why women should not marry in their 20s — Toke Makinwa
Nigerian Tribune · 4d ago
FG, Arzikin Noma collaborate to boost Nigeria’s grain output to 25m tonnes
BusinessDay · 8d ago