B2 – Upper Intermediate
A recent study by the Bank of America (BofA) found that fewer young adults rely on financial help from their families than in previous years. However, many still live paycheck to paycheck due to rising housing costs, student debt, and everyday expenses.
Watch the video and read the article to know why many Gen Z adults are openly discussing budgeting and saving money, a trend known as “loud budgeting.”
Vocabulary Questions:
- What does “side hustle” mean? “Redefining what it means to take control of their finances in early adulthood, nearly 70% of Gen Z have taken concrete steps in the past year to manage rising costs, including cutting back on dining out (40%), passing on events with friends (24%) and picking up a side hustle (16%).” Use it in a sentence.
- What does “to weigh on someone” mean? “However, housing costs still weigh heavily on this generation, with nearly 30% of those surveyed pointing to housing and rent as top barriers to financial success, a figure that has remained consistent in recent years.” Use it in a sentence.
- What does “loud budgeting” mean? “From $0 date nights to loud budgeting, Better Money Habits® Survey reveals how Gen Z is managing through affordability challenges and social spending pressure.” Use it in a sentence.
Discussion Questions:
- According to the article, why are many young adults still living paycheck to paycheck?
- What are your thoughts on loud budgeting?
- What are some of the biggest financial challenges facing young adults today?
- How has financial support from families changed compared to previous years?
- What can young adults do to improve their financial situation despite rising living costs?