Gen Z, now in their 20s and 30s, is beginning to drive changes in work, business and relationships, according to research from Visa, a global leader in digital payments.
As these young professionals aged 16 to 30 pursue financial independence, they are redefining youth financial management and embracing a dynamic, holistic approach to thrive in a rapidly evolving world, it said.
Visa’s latest Green Shoots Radar survey found that Gen Z respondents surveyed in Asia Pacific tend to save their income, setting aside about 30 percent of what they earn.
Increased awareness of financial goals (47 percent) drives these young individuals in the region to further build their savings, with about half committed to practicing better financial management (47 percent). As
“Gen Z is a generation that values flexibility and innovation, leveraging digital tools to navigate an increasingly dynamic financial landscape,” said Jeffrey Navarro, country manager for Visa Philippines.