
What You Need to Know About Your Income
Knowing the difference might even help you save on your tax bill...
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In addition, Buy Now, Pay Later is becoming increasingly popular among consumers, with 50% of people planning to use it more frequently.
You may have noticed lately that when it comes to your finances, "the math is not mathing.”
You’re earning the same amount, or possibly even more, but your money seems to get you less.
Often, it takes an “oh sh*t” moment to notice the change. Maybe for you it happened at the gas station, when what used to cover your full tank only got you 3/4 of the way there. Or maybe you were buying your same old groceries and got a rude reality check when the cashier read out your total.
So what's to blame devaluing for your dollar? That would be inflation. Simply put, inflation occurs when the value of your money decreases over time. As a result, the same amount of money can buy less than it could before.
As inflation continues to rise, Gen Z and Millennials are increasingly feeling its effects in their day-to-day lives.
To understand how inflation is impacting the personal finances of Gen Z and Millennials, Cleo conducted a survey among 1,000 Americans aged 18-44 in April 2023. This is what we found:
At Cleo, our goal is to create a world where people stress less about money. We can’t control the costs, but we can assure you that you’re not alone and give you the tools you need to weather the storm.
Whether you’re looking to build a budget, start saving, get quick cash advance when you need it, or just laugh along as Cleo roasts your spending in chat, we've got you covered.
We're also around on IG or Twitter if you want to talk about your finances in a judgment-free zone.
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Big love. Cleo 💙
Knowing the difference might even help you save on your tax bill...
Everything you need to know 💡
Be right back. Going for a stupid walk for my stupid mental health.