Follow us on Google for more Moneywise news
Add us on GoogleAmericans have historically struggled to get doctor-recommended levels of sleep. Gen Z is starting to change that.
“There’s a whole movement in ‘how can I get the best sleep possible,’” said 29-year-old Nick Smart to USA Today. He represents the very oldest of the Gen Z cohort, which represents people born between 1997 and 2012. “I want to wake up and feel refreshed, not feel like garbage trying to play catch up all day long.”
This new trend, which some are calling sleepmaxxing, is one of the healthier trends that’s graced social media in recent years.
Thanks for subscribing!
Take control — get our free newsletter.
By signing up, you accept Moneywise Terms of Use, Subscription Agreement, and Privacy Policy.
To do it, some Gen Zers are dropping serious money on mattresses and other sleep aids, Smart among them. He told USA Today that he and his wife invested in a $2,400 smart mattress topper after his son was born to try and win back some of the sleep they lost.
“This could really help us get better sleep, deeper sleep,” he said.
Here’s why Gen Z is so interested in getting enough sleep — and how they can afford it.
The youngest working generation is fighting high-stress situations by getting more sleep and spending on sleep aides
Gen Z is one of the most stressed generations. A 2023 study from the American Psychological Association found that those aged 18 to 34 — mostly Gen Z, with some Millennials — rated their stress level at an average of six out of 10, the highest of any age group.
According to a study from UNICEF, around 60% of Gen Z feel overwhelmed by what’s going on around them, whether that’s in their local community or the world as a whole. Overwhelmed Gen Z members to have lower levels of both well-being and empowerment.
A 2026 survey from Deloitte also shows that over half of Gen Z adults have had to put off major life decisions because of their finances — potentially for reasons outside of their control, such as the current high cost of living.
“The cost of living is a significant concern because it directly affects my ability to meet essential needs,” said Tymon, one of the Gen Z members of the survey. “When costs rise faster than income it strains our budgets, reduces our ability to save, and limits discretionary spending.”
Perhaps as a result, Gen Z is focused on something they do have control over: their wellness routine. Despite their youth, Gen Z spends above-average amounts of money across several different wellness categories, according to McKinsey research. These include health, nutrition, mindfulness, and sleep.
It might seem strange that Gen Z, with its financial concerns, would be willing to spend more on expensive mattresses or gravity blankets. But the generation isn’t using leftover money from their paycheck to buy these things. Instead, they’re taking advantage of an increasingly popular type of healthcare account.
Must Read
- The ultra-rich use these 5 real estate strategies to build wealth while they sleep — you can start with just $100
- Here’s the average income of Americans by age in 2026. Are you keeping up or falling behind?
- Insurance companies profit most from drivers who auto-renew without shopping around. Comparing 100+ quotes takes 2 minutes and costs nothing
Join 250,000+ readers and get Moneywise’s best stories and exclusive interviews first — clear insights curated and delivered weekly. Subscribe now.
Gen Z’s sleep spending is funded from pre-tax HSAs
The U.S. has one of the most expensive healthcare systems in the world. And the situation is getting worse quickly. In 2025, Mercer estimated that health plan costs would increase by 9% on average for employers. Over half of employers told Mercer they were planning to shift at least some of those costs to employees.
“The price of healthcare is going up faster than it has in a long time,” said Larry Levitt, Executive Vice President for Health Policy at KFF, to NPR. “And typically when an employer is getting a big increase from an insurer, the employer is turning around and trying to pass on some or all of that to its workers.”
One way for both employers and employees to reduce high premiums is to take on a high-deductible health plan (HDHP). These plans cost less per month than normal health insurance, but beneficiaries have to pay almost all of their healthcare costs out-of-pocket until they hit their deductible.
HDHPs come with a tool that other plans don’t provide: health savings plans, or HSAs. Employees can put pre-tax money into an HSA, then spend that money on doctor’s visits, medication, and certain wellness-related products.
Truemed, an HSA marketplace, says that the total number of HSA accounts was up by 6% year-over-year in mid-2025. Gen Z is most likely to have an HSA; 56% of Gen Z has one, compared to 35% of Gen X and 24% of Boomers.
Sleep is a huge driver of Gen Z HSA spending. Over 15% of Gen Z orders on Truemed were sleep-related. Next up were Millenials, but only 10% of their orders were sleep related.
Truemed says that some sleep brands, such as Purple, could qualify for HSA spending depending on whether the buyer had a chronic sleep condition, such as insomnia. You might need a letter of medical necessity to make the HSA purchase, though.
Truemed did not immediately respond to Moneywise’s request for comment.
You May Also Like
- JP Morgan sees gold hitting $6,000/oz before 2027 — and a Gold IRA lets you hold the physical metal while deferring the tax bill. Get your free guide from Priority Gold
- Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and the simple steps to fix it ASAP
- Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how
- Millionaires under 43 are reshaping investing — just 25% of their portfolios are in stocks. Here’s where their money is going
Kit Pulliam is a DC-based financial journalist with over five years of experience writing, editing and fact-checking financial content.
