Club Money Challenges Middle Class Millennials & Gen Zs to Save $1 Million in First Quarter of 2026

  • Club Money sets a collective million-dollar savings goal by the end of March for users of its budget app

  • Younger generations deserve to be proud of their financial accomplishments in the face of economic obstacles

  • Club Money is the first community finance app, offering affordable professional advice for the young middle class

CHICAGO (January 2, 2026) – Personal finance is now a team sport. Club Money, the first community finance app, is challenging its user base to reach their financial goals together in the new year. Middle class millennials and Gen Zs who have been tracking their monthly expenses in the app are now aiming to save one million dollars together in the first three months of 2026.

The affordability crisis has hit younger generations particularly hard. Millennials and GenZs are struggling to find and keep jobs as the labor market adapts to rapid changes in global trade and AI expansion. In a major shift from pre-pandemic levels, the unemployment rate for recent college graduates now stands higher than the national average. A report from Oxford Economics estimated the effects of Gen Z’s reduced consumption at a $12 billion loss to the overall economy.

Club Money is a finance platform for MERITs: Middle Earners Rich in Time. These members of the young middle class have demonstrated the ability to generate income, often through non-traditional means like content creation. The company says the aggressive $1 million target is achievable across its user base. “Young people are proving they can adapt to changing circumstances,” said Club Money founder Christine Devane. “They’re making money, they’re paying their student loan debt, they’re investing on new platforms. They deserve a chance to show what they’re capable of.”

Millennials and GenZs have opened new discussion channels online to cope with the added pressure. Debt payoff journeys, investment strategies and “no spend” months have proliferated on TikTok and other social media. “Younger generations are not just more willing to talk about money, they’re sharing their financial journeys with enthusiasm,” said Devane. “Money struggles can be very isolating. Talking about them is freeing, but more than that, the show of support proves you’re not alone.”

The $1 million savings challenge is open to new and existing users of the Club Money app for iOS. In the app, users categorize expenses with a simple swipe to one of four corners: Spend, Splurge, Save or Share. Follow the common rule of thumb known as “the 50 30 20 rule,” or choose another percentage breakdown like The Debt Crusher (50/20/30), The YOLO (50/40/10) or In This Economy? (60/30/10). Each user’s total savings is calculated at the end of every calendar month. The company will add up savings across all users in hopes of reaching the $1 million goal by March 31, 2026.

The collective savings goal aligns with Club Money’s mission to tackle financial challenges with teamwork. The company has pioneered group financial advice, where a group of similar people receive a professional money review from a Certified Financial Planner®, while splitting the cost across all members of the group. “Our approach makes professional financial advice affordable for the young middle class for the very first time,” said Devane. The company says it has other community finance features in the works.

About Club Money

Club Money empowers the next generation to build better habits that foster positive relationships with money. Our healthy spending app makes financial wellness simple, accessible and fun. Our swipeable interface, Spend Splurge Save Share® approach and lifestyle-based budgets are easy to use, understand and enjoy. Young people from all walks of life trust Club Money to break the financial shame spiral and come together to control their own destinies. Based in Chicago, Club Money was founded to usher in a future where money is seen as a resource to support your life and share with others. Find Club Money on the Apple App Store or visit joinclubmoney.com.

Media contact
Christine Devane
support@joinclubmoney.com

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