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Stock impact report

Nearly 60% of millennials and Gen Zers say their social life is hurting their financial goals [CNBC]

Ally Financial Inc. (ALLY) 
Last ally financial inc. earnings: 4/20 07:30 am Check Earnings Report
US:NYSE Investor Relations: ally.com/about/investor
Company Research Source: CNBC
When Emmy, who uses a pseudonym online to protect her privacy, started sharing her debt journey on TikTok in March, her total balanced exceeded $28,000. “I know this is my fault,” she tells CNBC Make It. “I was always the friend that'd be like, ‘Shots on me,' or ‘Oh, don't worry, I got it' or ‘Just pay me next time,'” she says, adding that she wouldn't always follow up on requesting friends pay her back. She's not alone. Nearly 60% of millennials and Gen Zers say their financial goals have been impacted by social spending, according to a new survey from Ally Bank Spending money on time with friends isn't necessarily a bad thing. In fact, “you're going to get the highest return on your well-being doing that,” says Jack Howard, head of money wellness at Ally. “But then we're getting into trouble, because we're finding that 42% of folks are overspending,” she adds, citing the survey, which found that 42% of millennials and Gen Zers report overspending on their social budgets sev Show less Read more
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