BoE decision a ‘blow for Gen Z spending’, says RSM UK

The pressure on Gen Z spending is acute, with almost a third (29%) stating that they don’t have any monthly income left after paying for essentials

The economic impact of high interest rates is set to hit Gen Z spending for the next 12 months, “prolonging the challenge for retailers and hospitality businesses as discretionary spend gets squeezed”, according to accountancy firm RSM.

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