<ul><li>A recent study by PYMNTS Intelligence revealed a shift in financial management habits among high earners in the U.S., with an increasing number displaying reactive money behaviors.</li><li>The study identified two main financial management styles - 'Planners' who take a proactive approach and 'Reactors' who handle bills as they come. Currently, 40% of consumers are classified as planners while 60% fall into the reactor category.</li><li>The balance between planners and reactors is shifting, influenced by economic pressures. The report showed a decline in the number of planners since February 2024, indicating a link between financial management styles and economic uncertainty.</li><li>Key findings from the report include generational and income differences, with Baby boomers being predominantly planners while 73% of Generation Z falling into the reactor category. Planners allocate more of their budget to savings and investments compared to reactors.</li></ul>

73% of Gen Z Identify as ‘Reactors’ in New Study

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