And a new American report from the “Linding Club” has revealed that 60% of Americans live only on what they receive from their monthly salary.
The same report found that 73% of millennials depend solely on salary and are often responsible for caring for their children and elderly parents, so they are forced to dip into their cash savings and credit cards. credit.
While the report says signs of stress are evident in Gen Z, 66% of them live on their monthly salary alone.
This is a very high percentage compared to the percentage recorded last year, which means that more than half of them do not have an additional source of income, knowing that they are the most vulnerable. to the current redundancies, given that they are still in their first years of career.
In this regard, economic affairs journalist Mahasin Mursal told “Sky News Arabia”:
“Hide your white penny for your black day” is the example we should use in our dealings with the monthly salary. The Corona period proved to us the importance of saving after people stopped working and the inflation rate increased. Investing in cryptocurrencies for short term savings makes a person live in “uncertainty”. The older generation hoarded their money in gold.
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