Would you blow your savings on a bucket-list trip?

Gen Z is rewriting the financial playbook with major travel splurges and a new openness about money mistakes.

On the Money On the Money By Lauren Young, Digital Special Projects Editor We’ve published a bunch of great articles in the past few weeks focused on Gen Z. But my most favorite one is about a 28-year-old who is using nearly $40,000 in savings to travel around the U.S. and cheer on England in the World Cup. Could you drop everything and blow your cash cushion on a bucket-list experience? Why or why not? Write to me at onthemoney@thomsonreuters.com. While you’re at it, be sure to follow our On the Money coverage. And connect with me on LinkedIn, where I’m always posting the latest Reuters news.  Gen Z loves to talk about money. REUTERS/Jonathan Drake Fewer young adults rely on family for financial help Speaking of Gen Z, while fewer young adults ages 18-29 are relying on their parents for financial support, affordability issues are preventing them from fully launching into the next stage of their lives. I spoke to Will Smayda, head of financial centers at Bank of America, about a recent survey on the money challenges of early adulthood. One of the most surprising data points is how willing members of Gen Z are to talk about their finances: 60% speak candidly about money with friends. And they even share why financial hardships prevent them from socializing with peers — a practice known as "loud budgeting.”  In addition, more than half of the Gen Z respondents (56%) are single, and of those, only 11% say they ‌are actively dating — ⁠with over half spending $0 a month on a love life!  Indeed, some members of Gen Z are approaching dating in a more frugal way.  📚 Read. Watch. Listen. SpaceX's wild ride is just getting started How Brexit is estimated to have hit the UK economy  US consumers favor homebuying over renting for first time since 2023 What is the secret to a long life? Clues from three Brazilian sisters over 100   This upstart launched 35 ETFs in a day — and doesn't plan to slow down  Is the tech selloff a hiccup? Kevin Warsh wants the U.S. central bank to talk less New student loans are about to get pricey Do digital nomads have more fun?  📹 Video of the week   Should your portfolio hold bitcoin? Bitcoin is slumping, but pockets of the crypto market are still drawing fresh money. Here are the factors currently shaping the landscape. 👶 Are the new federal Trump Accounts right for your family?   The U.S. government is seeding savings accounts for babies. REUTERS/Mike Segar With the official launch of federal Trump Accounts slated for July 4, plenty of parents are asking me if they should utilize this new tax-deferred investment vehicle — especially if their children fall outside the 2025 to 2028 birth window that qualifies for a one-time $1,000 seed contribution from the U.S. government. The short answer? Yes. But with some caveats.  As a reminder, Trump Accounts are tax-advantaged investment accounts designed to boost the savings of U.S. citizens under the age of 18.   If you have set one up, I want to hear from you. Was it easy to do? Do you qualify for free money? Are you planning to max out the account? Email me at onthemoney@thomsonreuters.com. 🦷 No healthcare, big regrets: A founder’s early money mistakes   Samantha Coxe, Flaus Founder. Courtesy Samantha Coxe, Flaus Founder/Handout via REUTERS I met Samantha C. Coxe of Flaus at an AARP dinner last fall, and she was quick to share some of the astounding money mistakes she made as a first-time founder.  Coxe deferred her student loans and racked up $35,000 in credit card debt, which impacted her credit score. But that’s only a small sampling of her initial money woes.  I hope you can learn from some of her financial mishaps — and keep your mom from freaking out at the same time. A$K Lauren     Do you need last-minute tax help? Are you looking for cheaper homeowners insurance? Send questions to onthemoney@thomsonreuters.com, and I'll tap my extensive source network and braintrust for expert advice. Don’t forget to subscribe to this newsletter! Even better, share it with a friend! ⚽ World Cup newsletter alert Finally, if you’re following the World Cup action, be sure to sign up for our newsletter! Aadi Nair, a sports correspondent at Reuters, is guiding readers through the tournament — and helping you keep tabs on what matters with Inside Track, our sports newsletter. Subscribe here to stay on top of all game results and unmissable stories.  This newsletter was edited by Mark Porter.   Sponsors are not involved in the creation of newsletters or other Reuters news content. Advertise in this newsletter or on Reuters' website   Reuters On the Money is sent every other week. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. 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