Gen Z believes their best chance of retirement means working two jobs, cutting spending

Financial stress is no longer a side issue for Gen Z; it is reshaping nearly every aspect of daily life, from health and relationships to long-term retirement expectations.

A recent survey of 2,000 Gen Z hourly workers reveals a generation stretched thin, working longer and cutting spending more deeply, but increasingly skeptical that traditional retirement is even achievable, despite it being many decades in the future.

Money pressures over the past year have taken a measurable toll with almost three quarters of respondents noting that their social lives suffered due to financial constraints, while two thirds report negative impacts on mental health and more than six in 10 cited effects on physical health. These strains are unfolding alongside demanding work schedules: 36% of Gen Z workers now juggle multiple jobs, and 47% say they have an hour or less of free time each day.

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More than two thirds of Gen Z workers doubt they will ever be able to fully retire and even among those who do believe retirement is possible, holding multiple jobs appears to be part of the equation; respondents confident about retiring work two jobs on average, compared with one job for those who are uncertain.

The findings come from research conducted by Talker Research on behalf of DailyPay, examining Gen Z’s financial health and how economic pressures are influencing well-being, work decisions and retirement planning.

The outlook suggests a redefinition of retirement timelines with more than three quarters of respondents expecting to work past the traditional retirement age, with 49% anticipating full-time work and another 29% planning to remain employed part-time just to make ends meet.

While 67% of Gen Z hourly workers say they are saving for retirement, among those who do not believe they will ever retire, just 44% are saving at all, even as a contingency.

Most respondents said they do not feel they have lives outside of work and financial pressure is spilling into personal relationships. More than half reported that money problems negatively affected their dating lives in 2025, and nearly half of single respondents said tight budgets led them to go on fewer dates than they wanted.

To cope, Gen Z workers are adopting aggressive cost-cutting strategies. Many rely on home-cooked meals, discount retailers and free entertainment, while others take more extreme measures. Respondents reported cutting their own hair, tightly controlling household energy use, taking short or cold showers, and air-drying clothes to reduce expenses. On average, they are also financially responsible for another person, amplifying the pressure on already limited incomes.

Financial stress is also influencing job choices and performance. Nearly two thirds of respondents said money worries hurt their work performance in the past year. More than a third admitted they accepted their current roles out of desperation, while 31% said pay frequency, rather than interest in the work, was a deciding factor in taking their jobs.