Have Gen Z finally defied the smashed avo stereotype?

Young Aussies have become the most committed savers in the country, a new study claims.

Nearly 90 per cent of Generation Z Australians aged between 18 and 29 years-old are actively putting money away, according to new data released by NAB this morning.

The survey claims 89 per cent of young women and 85 per cent of young men are committed to growing their savings accounts despite being hit by cost-of-living pressures and uncertainty around interest rates.

READ MORE: Dangerous incidents spiking sharply in childcare, data shows

Sacrifices have to be made, however, with three-quarters of all Australians forced to cut back on spending according to the survey.

NAB Retail Executive Belionda Mamet said younger Aussies have understood the importance of saving even from an early age.

READ MORE: Bikie gang associate charged with drug offences

"Young Aussies should give themselves credit for how much they've already done," she said.

"Cutting back and saving can feel boring, but our younger customers are managing their savings well."

READ MORE: AFP 'hate disrupter squads' launched amid 'poisoning' of kids' minds

She encouraged Aussies looking to save to use the New Year period as a natural reset and to start small in their budgeting goals.

"Pause, reset, and make a couple of small changes that help you feel back in control after a busy summer of celebrations and higher than usual spending," she said.

"If you're exhausted with cut back fatigue, don't cut more, just don't quit what you're already doing. Small, repeatable actions can make a big difference."

NEVER MISS A STORY: Get your breaking news and exclusive stories first by following us across all platforms.

• Download the 9NEWS App here via Apple and Google Play

• Make 9News your preferred source on Google by ticking this box here

• Sign up to our breaking newsletter here