2 h. ago Born into crisis, gen Z is saving for retirement like no other generation | Gene Marks

Older gen Zers, with memories of the 2009-10 financial crisis, are saving more, but experts say employers should helpResearch published at the end of last year by the Investment Company Institute with help from the University of Chicago found that gen Z – those born between 1997 and 2012 – are “outpacing” earlier generations in contributing to retirement, having more than three times more assets in their 401(k) retirement savings accounts than gen X households had at the same time in 1989, adjusted for inflation.This mirrors a 2023 study from the TransAmerica Center for Retirement Studies, which found that gen Z is doing a “remarkable job” saving for retirement with many putting away as much as 20% of their income towards the future. Continue reading...

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