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Gen Z is cutting back on retirement savings
Yahoo Finance· 2026-01-22 18:00
A surprising number of Gen Zers between 18 and 29 have hit the brakes on retirement savings in the past six months. More than 6 in 10 of the oldest Gen Zers say they have stopped or reduced their retirement savings, compared with 46% of Gen X and 36% of boomers, according to a new study from Allianz Life Insurance Company of North America. Two-thirds of these Gen Z folks added that they haven’t been able to contribute to savings as much as they’d like because of other demands for their cash. “Gen Z may ...