A recent global survey revealed that a significant portion of Gen Z adults turn to credit cards when facing unexpected financial difficulties. More than 60% of respondents admitted they have little or no emergency savings, while over 25% said they would use their credit card even beyond safe limits. Experts warn that this habit increases the risk of long-term debt and financial instability. Instead of relying on credit, young people are encouraged to build an emergency fund and adopt budgeting strategies.
Gen Z Relies on Credit Cards for Emergencies, Study Finds
A new study shows that many Gen Z adults depend on credit cards in financial emergencies, highlighting risks of rising debt and lack of savings.
28 August 2025, 10:11
