Breaking News
Fizz Report Highlights Gen Z Struggles to Balance Work, Gigs, and Financial Independence
Fizz, the leading money app for students, has released a report examining how college students earn income and manage financial responsibilities. The findings reveal not only the growing role of traditional employment and gig economy platforms in students’ lives but also the pressing need for financial literacy and tools to help young adults build and maintain credit.
“Gen Z college students are resourceful and creative in finding ways to support themselves, but the journey to financial independence is a big challenge for most,” said Scott Smith, Co-founder and COO, Fizz. “These findings emphasize the importance of giving students the tools and knowledge they need to navigate their financial journeys, from building credit to making informed financial decisions.”
Key findings include:
- Most College Students Earn Income: 64% of students report earning money during college, highlighting their dual focus on work and academics.
- Traditional Jobs Dominate: Of the students earning income, 45% rely on full-time or part-time jobs as their primary source of earnings.
- Gig Work is still Gaining Momentum: 19% of students report earning income from gig economy platforms like Uber, DoorDash, and similar services, showing the appeal of flexible, on-demand work.
- Few Achieve Full Financial Independence Early on: Only 10% of Gen Z students report paying their own rent while in college, demonstrating the financial hurdles many still face.
For the full report and insights on how Fizz is helping Gen Z build financial independence, visit the report page.
People In This Post
Companies In This Post
- DataHaven on Insurance Fundamentals: Risk, Capital, and the Balance in Between Read more
- Why Google Believes Multimodal AI Is the Next Big Shift for Enterprise Use Cases Read more
- Pix at five years: how Brazil built one of the world’s most advanced public payments infrastructures – and why other countries are paying attention Read more
- Clara Renews $150 Million Debt Facility With Goldman Sachs to Scale Payments Products in Mexico, Bringing Total Debt Capacity to Over $250 Million Read more
- Clip Unveils Clip Total 3, the Most Comprehensive Mobile Point-of-Sale Terminal for Mexican Businesses Read more
Bank ABC’s ila Bank Goes Live with Temenos Core on AWS, Implemented by Systems Limited
Temenos announced that Bank ABC has successfully migrated its digital mobile-only ila Bank onto Temenos’ Core Banking
SME Use of Digital Financial Tools Could Help Solve Productivity Puzzle, Adding £25bn to the Economy
If more of Britain’s SMEs could be persuaded to adopt digital financial tools, their growth could add £25.3bn to the economy according to new research from Starling Bank
Co-operative Bank of Kenya Goes Live with Treasury Platform by Profile Software
Profile, a leading international financial solutions provider, is pleased to announce that the Co-op Bank of Kenya Limited (Co-op Bank) has successfully gone live with Acumen.plus, its internationally acclaimed Treasury Management solution. This milestone marks the culmination of a strategic partnership aimed at optimising and streamlining the bank’s treasury operations through full automation and regulatory compliance.
Teya Fuels European Growth with Expansion into Spain and Italy
Teya officially launched in Spain and Italy, following successful pilot projects in both countries
Turnstile Launches with $29M to Bring AI-First Quote-to-Cash to Growing B2B SaaS Companies
Turnstile today launched its quote-to-cash platform for sales-led startups with $29 million in funding from First Round, OMERS Ventures, Illuminate Financial, and a number of prominent angel investors.
BlackRock Aladdin Drives Private Markets Transparency By Unifying Pre- and Post-Investment Tech On A Single Platform
BlackRock Aladdin has integrated Preqin’s extensive data and technology into its eFront® platform for private markets investors, creating a comprehensive, data-driven private asset management technology solution. In eFront, institutional clients can now manage their full investment lifecycle in one place, with detailed market context via Preqin data. The integration accelerates the firm’s strategy to unite investments, technology and proprietary data within one platform, increasing transparency and data-based insight for clients as they expand allocations to private markets.
PRA & FCA Authorise Perenna to Accept Retail Deposits as Lender Boosts Funding Strategy
Perenna,announces that it has received authorisation from the PRA and the FCA to accept retail deposits
DataHaven on Insurance Fundamentals: Risk, Capital, and the Balance in Between
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Why Google Believes Multimodal AI Is the Next Big Shift for Enterprise Use Cases
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Pix at five years: how Brazil built one of the world’s most advanced public payments infrastructures – and why other countries are paying attention
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Clara Renews $150 Million Debt Facility With Goldman Sachs to Scale Payments Products in Mexico, Bringing Total Debt Capacity to Over $250 Million
The funding from Goldman Sachs will enable Clara to scale its payment solutions including corporate credit cards, bill pay, and cross-border transactions
Clip Unveils Clip Total 3, the Most Comprehensive Mobile Point-of-Sale Terminal for Mexican Businesses
Clip, Mexico's leading digital commerce platform, announced the launch of Clip Total 3, the new generation of its most iconic terminal
Tandem Bank Announces Ryan Heaps as New Finance Chief
Tandem Bank has announced the promotion of Ryan Heaps to Chief Financial Officer following regulatory approval
ClearBank Appoints Neil Drennan as Chief Technology Officer to Support Innovation and Expansion Initiatives
ClearBank, the enabler of real-time clearing and embedded banking, today announces the appointment of Neil Drennan as Chief Technology Officer