Gen Z Australians are saving hard to splash out on “once-in-a-lifetime” moments as part of a generational move to make up for time lost to the pandemic, according to the latest consumer survey from one of Australia’s biggest banks.
NAB’s survey of 18-29 year-olds shows the cohort are more likely to “splurge” on big-ticket experiences like special holidays or epic concerts and will cut back hard on daily expenses to secure them.
“This group seems to be looking to make up for things they missed out on during the pandemic,” she said. “Whether it’s a Taylor Swift or Robbie Williams concert or a Matildas match, younger Aussies are showing they are prepared to cut back on eating out, food delivery or micro treats to make ‘life moments’ happen.”
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