ilmscore | Gen Z & Money: Reckless Spenders or Smart Savers? | CA Rachana Ranade

Gen Z & Money: Reckless Spenders or Smart Savers? | CA Rachana Ranade

Published: 2025-07-08
Status: Available | Analyzed

Predictions from this Video

Total: 3
Correct: 1
Incorrect: 1
Pending: 1
Unrated: 0
Prediction
Topic
Status
Contrary to online reports, 75% of Gen Z individuals in the speaker's office save more than 30% of their income, with everyone saving at least 25%.
"after getting this data I asked my office team members who are Genjis. I agree with the fact that this number is very small but I thought of asking them and the numbers were crazy. None of them were saving 0% of their salary. So everyone was saving around 25% off my team members, Jency team members were saving up to 30% and almost 75% of my Jency team members were saving more than 30%."
Gen Z Savings Habits
Incorrect
Gen Z followers of the channel are saving more than the average, and the speaker encourages continued learning and progress in financial habits, acknowledging that individual journeys differ.
"Now my Jency followers are definitely doing way better than the average and that's something to be proud of. But I also want to say this that you don't get discouraged if you are not saving as aggressively as some of my office team members. But because you know, everyone's journey is different. What matters is that you are here, you are learning and you are moving in the right direction."
Gen Z Savings Habits
Pending
The speaker realizes that Gen Z individuals are not all careless spenders, as evidenced by messages about starting SIPs and building emergency funds, indicating they are curious, smart, and self-aware.
"In fact, every week I get messages like, I started an SIP because of some XYZ reel of yours. Ah, and I skipped buying a gadget and started building an emergency fund instead. And that's when I genuinely realized that not all JC kids are careless spenders. In fact you guys are curious. You are smart and incredibly self-aware."
Gen Z Financial Awareness
Correct