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Metropolitan Journal of Academic and Applied Research

Research Framework: Navigating the Paradox: Understanding Gen Z's Financial Behaviors and Pathways to Purposeful Living

Authors: Dr. Arinaitwe Julius1 , Asiimwe Isaac Kazaara2

Journal: Metropolitan Journal of Academic and Applied Research (MJAAR)

Volume/Issue: Volume 4 - Issue 10

Published: 01 Jan 1970


Abstract

Generation Z (born 1997-2012) represents the first fully digital-native generation, characterized by unprecedented technological connectivity and shaped by economic uncertainty including the 2008 financial crisis and COVID-19 pandemic. Despite facing significant financial constraints such as student debt, housing unaffordability, and inflation, this cohort exhibits paradoxical behaviors: demonstrating pragmatic money management skills and high financial anxiety while simultaneously prioritizing experiential spending, sustainable products, and purpose-driven consumption over traditional wealth accumulation.
Keywords

Generation Z, financial literacy, purpose-driven consumption, financial anxiety, life satisfaction.

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