Young gens are trying to save early for retirement but are having trouble. The concept of retirement has evolved significantly over the past few generations, causing Gen Z to start saving at an earlier age. Unlike baby boomers’ parents or grandparents (who did not have the same modern retirement benefits) previous gens relied on pensions, Social Security, and personal savings for financial security in their later years. And with rough economic years unending, young people not only want to have enough money for retirement, but also for what the future may hold in their career paths. (Fortune)
📊 YPulse data: 61% of 13-39-year-olds agree, “I think I’ll be able to save enough money for retirement”
