Amid global upheaval, conflicts, high inflation, and recession forecast, Gen Z gravitates towards ‘soft saving’, prioritizing well-being over just financial gains. Concerns about inflation eating into savings lead many to embrace a ‘live in the moment’ mindset. However, financial planning becomes pivotal. To balance momentary experiences and long-term stability, understanding financial risks is crucial. Gen Z veers away from the traditional retirement concept, emphasizing rewarding experiences over mere earnings. Both American and Indian households are saving less, relying more on loans for consumption. Emphasizing sensible financial handling amid inflation’s aftermath, the article suggests aligning investments with short and long-term goals and considering professional advice for financial planning, urging simultaneous retirement savings for a secure future.