Disenchanted with outlooks on the future, some millennials and Generation Z Coloradans are choosing to forego saving for an uncertain tomorrow and spend what they have while they can, according to Denver Post interviews.
in 2021 found older millennials were faring better at 11% below wealth expectations. However, this update did not account for the pandemic’s impact on finances.While studies suggest millennials will live longer, Ozols said COVID-19 has proven to her that life is short.
Ozols recognizes she has a good job and is making decent money, but without a dual income or family money, moving up seems out of reach. Psychologist June Gruber studies well-being, emotions and happiness and is an associate professor of psychology and neuroscience at the University of Colorado Boulder.
To cope, Gruber believes this cohort has started focusing more on the here and now and less on the future.
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