Average Gen Z understands less than 50 percent of the tax filling process
NY Post
The average Gen Z American estimates that they only understand about 44% of the tax filing process, according to new research.
A survey of 2,000 Americans 18-26 looked at how they’re feeling about tax season and found that over half (56%) admit they’re intimidated by the process of filing their taxes.
Interestingly, the same percentage of respondents “very much” look forward to filing their taxes (29%) as those who aren’t looking forward to it at all (28%).
Gen Z is even looking to get ahead of the curve — by the time of the survey, nearly a fifth of respondents already filed their taxes for this year (17%).
Those who haven’t filed yet aren’t lagging too far, with 50% aiming to file their taxes by the end of February at the latest.
Thirty-eight percent wish they could use the time they spend doing their taxes to be with loved ones or watch TV (37%) instead.
