Gen Z is already writing wills and trusts regardless of how much money they have. A recent financial trends study revealed that a lack of “financial literacy” resulted in Americans losing an estimated $532B in 2021. Fundamental errors such as overlooking the need for a trust could determine whether parent’s children inherit their legacy or half of it goes to the government. It is often the most basic actions that generate the most significant outcomes—and with Gen Z taking the initiative to develop estate plans, there are promising indications of a potential financially secure future ahead. (Forbes)
📊 YPulse data: 61% of 13-39-year-olds agree, “I think I’ll be able to save enough money for retirement”
