MassMutual Sees Crisis Hitting Younger Adults Harder

The youngest workers in the current U.S. workforce are zoomers, not millennials: Zoomers now range in age from 12 to 24.

Stress Indicators

About 25% of the millennials and zoomers said they're now having trouble with day-to-day expenses, compared with 19% of the GenXers and 9% of the boomers.

Twenty percent of the survey participants in the younger two age groups said they've had to adjust their lifestyles to keep costs down, compared with just 14% of the GenXers and 7% of the boomers.

Interfamily Transfers

About 20% of the millennials and zoomers said they are getting at least some financial help from their loved ones. They were much more likely to be getting help from loved ones than the older survey participants.

Only 15% of the GenXers and 6% of the boomers said they're getting financial help from loved ones.

But the millennials and zoomers were also more likely to report providing help to loved ones.

Here's a look at the percentage of survey participants in different age groups who said they have been giving money to family members and other loved ones:

• Millennials and Zoomers: 47%
• GenXers: 33%
• Boomers: 34%

(Image: NAR Studio/Shutterstock)