Almost a quarter of Gen Z believes retirement age should be set below 55-years-old. Earlier this month, we told you about Millennials and Gen Z taking “microretirements,” but new data from Talker Research shows that Gen Z is hoping for a full retirement sooner than ever. When asked about the ideal retirement age, 18-26-year-olds gave the lowest average response at 61.6 years, compared to 62.8 years for 27-42-year-olds. Notably, 22% of Gen Z said they believe the retirement age should be below 55-years-old. And despite facing challenging financial odds, this young gen does seem to already be researching and taking part in retirement savings. Some influencers are even pushing the boundaries further, with one TikToker planning to retire in her 30s and sharing tips to help others follow—challenging the idea that retirement is only for later in life. (Newsweek)
📊 YPulse data: 45% of 18-24-year-olds are currently planning or saving for retirement
