FOR IMMEDIATE RELEASE:

Keith Sims, President of Integrity Resource Management – A member of the Sanford Rose Associates® network of offices, Featured in Newsweek, Gen Z Is Having ‘Midlife Crisis’

Plano, TX  12/23/2024

By: Suzanne Blake

Even though they’re ages 12 to 27, Gen Z’s midlife crisis is already beginning, according to a new report from Arta Finance.

In a survey of 2,000 Americans, 38 percent of the Gen Z respondents said they were experiencing a midlife crisis.

Why It Matters

The typical midlife crisis occurs from age 40 to 60 and usually centers around uncertainty regarding identity once your early adulthood is over. Gen Z’s identity crisis might be hitting early because of higher amounts of financial instability in their early career years, experts said.

In the survey, 30 percent of Gen Z said financial issues were their primary source of stress. Since the average cost of living grew by 28.3 percent in the last decade, many are up against stagnant wages and an unpredictable economy on top of high student loan debt and education costs.

Integrity Resource Management President and Founder Keith Sims told Newsweek: “The FOMO factor is substantial given the constant comparisons with others. I can assure you that most Gen X and boomers don’t have an idea of what all their peers are making annually or talk about it at cocktail parties…”

“They are not creating deep or lasting relationships with co-workers or mentors due to their short stints. The lack of relationships and ability to build them will prevent their growth beyond the early stages of their career.”

Read full article here: https://www.newsweek.com/gen-z-are-having-midlife-crisis-survey-2002980