Gen Zs paving new pathways to financial independence - survey

Young professional Gen Zs are redefining the pursuit of financial independence with a unique blend of practicality, adaptability, and digital fluency, according to results of a survey by digital payments leader Visa.

- By CATHERINE TALAVERA

Visa's latest Green Shoots Radar survey found that Gen Z respondents in Asia Pacific tend to save their income, setting aside about 30 percent of what they earn.

In addition, survey results noted that increased awareness of financial goals (47 percent) drives these young individuals in the region to further build their savings, with about half committed to practicing better financial management (47 percent).

As a generation shaped by diverse experiences and perspectives, Visa noted that this group places significant value on cultivating a stronger mental and emotional approach toward financial management (36 percent).

"Gen Z is a generation that values flexibility and innovation, leveraging digital tools to navigate an increasingly dynamic financial landscape," Visa Philippines country manager Jeffrey Navarro said.