Gen Z is crushing moving season, according to a recent poll.
The survey of 2,000 Americans who have moved in the last five years found that not only are they on top of their finances, more than half of Gen Z respondents (57%) reported they actually enjoy the process of moving. Meanwhile, only 22% of Baby Boomers share that sentiment.
As the summer moving season heats up, digital insurance company, Lemonade, commissioned the survey through Talker Research to investigate how Americans approach moving — how they prepare, feelings on the overall process and the generational split on it all.
According to results, Gen Z stands out as the most meticulous planners, with 60% creating a moving budget compared to only 55% of Millennials, 46% of Gen X and 38% of Baby Boomers who prepared financially.
The research also found that of all generations, Gen Z even set aside the most money for their most recent move. Gen Z focused their budget on getting their new space ready with things like furniture and home updates ($1,703.50 on average), while Baby Boomers focused on the physical components, like moving trucks and supplies ($1,633.60 on average).
But despite their careful planning, four in five exceeded their moving budgets. For those, average overspending totaled $1,057.20.
And for the average respondent, it took five months to financially recover from their most recent move.
Still, nearly half (47%) said they would overpay if it meant they would have a disaster-free move, with Millennial respondents being the most willing to overpay (51%), compared to Baby Boomers who were least willing to overpay (37%).
According to those surveyed, the most unexpectedly expensive parts of moving were renting a moving truck (30%), purchasing packing materials (22%) and putting some belongings temporarily in storage (18%).
But for those who forgot a few things, the most common things to fall through the cracks were forgetting to update their address or forward their mail, with Gen Z forgetting this the most (31%) and Baby Boomers forgetting this the least (18%).
Along with that, 19% of Gen Z forgot to update their home or renters insurance compared to only 3% of Baby Boomers.
To make the whole ordeal more enjoyable, respondents said movers should be fully prepared throughout the day (39%), invite friends to help out (35%), create a fun playlist (32%) and treat everyone to dinner at the end of the day (32%).
In fact, Gen Z prioritized a fun playlist (40%) as the top option for making the day more enjoyable, compared to only 16% of Baby Boomers, a generation that prioritized being fully prepared (45%).
Originally published by Talker News