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Stock impact report

Save, splurge, (don't) stress: How Gen Z is putting their spin on personal finances [USA TODAY]

Urban Outfitters, Inc. (URBN) 
Last urban outfitters, inc. earnings: 3/3 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.urbn.com/investor-relations
Company Research Source: USA TODAY
USA TODAY Young adults are big spenders and big savers. And even with economic uncertainty and stress, the Gen Z generation is not paralyzed by money decisions. A vast majority (89%) of Gen Z — or people born between 1997 and 2012 — said they have saved money on something in 2023, more than any other generation, according to a Harris Poll conducted in May. Yet they're also not shy about splurging on items. Seventy-five percent of Gen Z said they spent a lot on something in 2023, also more than other age groups. Many graduated high school or college during the COVID-19 pandemic , a time when Americans who were separated from family or co-workers had time and space to think more deeply about what they valued most At the same time, soaring inflation over the past 2 1/2 years has forced Americans of all ages to scrimp and save. Gen Z adults, who range in age from 18 to 26 have been deeply affected by both phenomena. They're more likely to buy less of something if it doesn't matte Show less Read more
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