Allianz-Tiriac: Generation Z is the most optimistic about their financial future, although over 63% say they are unable to save any money and only 16% believe they could handle unforeseen expenses
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Romanians are cautious about their financial future, considering the lack of stability and of a solid financial situation that could protect them from uncertainty. Only 30% feel optimistic about their financial outlook, particularly as many struggle to save money and very few feel prepared to handle unexpected expenses, according to a nationwide online survey initiated by Allianz-Tiriac. Generation Z stands out as the most optimistic (47%), despite facing the greatest financial challenges, highlighting the significant need for protection.
One in two respondents says they areunable to save any money, with incomes barely covering daily expenses or even just basic necessities. The figure is notably higher among Generation Z (63.6%) and somewhat lower among Millennials (45.5%), in line with the general income growth trends as individuals progress in their careers, the Allianz-Tiriac survey also shows.
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Allianz-Tiriac: Generation Z is the most optimistic about their financial future, although over 63% say they are unable to save any money and only 16% believe they could handle unforeseen expenses