Young people are finding it difficult to save money for retirement. A recent study conducted by Fidelity Investments shows that 57% of Millennials and 56% of Gen Z participants expect to face more challenges in saving for retirement compared to their parents. A lot of these issues among young people involve handling student loan debt, setting aside money for buying a home and wedding expenses, and dealing with the expenses of childcare. And while every gen plans at a different time to start saving for retirement, Gen Z typically starts around 20-years-old and Millennials at 27. (Market Realist)
📊 YPulse data: 61% of 13-39-year-olds agree, “I think I’ll be able to save enough money for retirement”
