The more likely explanation for your not having experienced it yourself is that the numbers cited are bordering on silly. Millennials and Gen Z make up roughly 20% each of the population of the US [1], so something like 6 million each. The “study” polled roughly 1000 people. Drawing any conclusions at that sample size is pretty spurious, and even then, the percentages that agreed with the headline are in the 20 and 30% range.
The size of the sample compared to the size of the population doesn’t really matter. What matters is how representative the sample is.
If they got a truly random sample (they didn’t), then 1000 is plenty.
Realistically, it’s probably 1000 Millennial and Gen Z Credit Karma users (already a niche group) who bothered to open an email and take a survey, which is not a realistic representation.
The more likely explanation for your not having experienced it yourself is that the numbers cited are bordering on silly. Millennials and Gen Z make up roughly 20% each of the population of the US [1], so something like 6 million each. The “study” polled roughly 1000 people. Drawing any conclusions at that sample size is pretty spurious, and even then, the percentages that agreed with the headline are in the 20 and 30% range.
https://www.statista.com/statistics/296974/us-population-share-by-generation/
The size of the sample compared to the size of the population doesn’t really matter. What matters is how representative the sample is.
If they got a truly random sample (they didn’t), then 1000 is plenty.
Realistically, it’s probably 1000 Millennial and Gen Z Credit Karma users (already a niche group) who bothered to open an email and take a survey, which is not a realistic representation.