In a world that equates success with money and status, many Gen Z adults are experiencing intense financial anxiety—often called “peniaphobia,” a deep fear of falling into poverty.
High unemployment, rising rent, student debt, and inflation have made stability feel out of reach. At the same time, social media fuels comparison and FOMO, pushing some into overspending just to keep up. Hustle culture has become a survival strategy, but burnout is widespread, and many still live paycheck to paycheck.
This stress often becomes personal, with self-worth tied to bank balances. Experts say breaking that link is crucial. Tools like Cognitive Behavioral Therapy (CBT), better financial education, and workplace wellness programs can help.
Ultimately, Gen Z’s fear isn’t irrational—it reflects real economic pressure. The goal is to make money a tool for stability, not a measure of personal value.
