Born into crisis, gen Z is saving for retirement like no other generation

Comments

• cmbabul@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

  I ain’t telling anyone what to do but my millennial ass has given up any hope of retirement. I’ll either die fighting against the hellscape world being created, take myself out if somehow I survive that, or in the miraculous event we as a species succeed in wresting control of this planet away from the sociopathic rich and set up an egalitarian society I hopefully wouldn’t need to

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  • lordnikon@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

    See i like the idea of convincing the rich that they end is here then when they get in their Bunkers. We break their filtration systems and turn them in to tombs then get on with fixing the world without them. I know it’s not going to happen but it is nice thinking of them Suffocating to death. Maybe more of them should see the titanic that was a good week of news when that sub imploded.

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  • qbus@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

    Don’t worry you’ll have a retirement when you’re fired one day when you’re old and you’re not going to get hired because of discrimination and then you’ll have a retirement whether you want one or not

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• Rivalarrival@lemmy.today ⁨4⁩ ⁨weeks⁩ ago

  My generation’s retirement account:

  Retirement Account

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• BipolarSilence@lemmy.cafe ⁨4⁩ ⁨weeks⁩ ago

  We are?

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• Drewmeister@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

  Tldr:

  Older gen Zers, with memories of the 2009-10 financial crisis, are saving more, but experts say employers should help

  Sun 6 Jul 2025 10.00 EDT

  Research 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.

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  • Korhaka@sopuli.xyz ⁨4⁩ ⁨weeks⁩ ago

    I presume this will be used to justify cutting state pensions when the boomers have died off

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    • ggtdbz@lemmy.dbzer0.com ⁨4⁩ ⁨weeks⁩ ago

      The reward for playing the game in a way to protect yourself, as always, is the rules changing to fuck you over anyway.

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  • Bonskreeskreeskree@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

    Is that figure inflation adjusted?

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• EndlessNightmare@reddthat.com ⁨4⁩ ⁨weeks⁩ ago

  Saving more money has a double-effect: obviously the money that you are actually saving. But it also means that you are reducing your spending.

  Going from saving 10% of your income to saving 20% of your income means that your spend/save ratio goes from 9:1 down to 4:1.

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• 1984@lemmy.today ⁨4⁩ ⁨weeks⁩ ago

  I think it makes sense. Save all you can, get out of the 9-5 as soon as you can. America in particular has turned insane, and they have a lot of influence on the western world and the global economy unfortunately.

  Look out for ourselves, best you can.

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  • pigup@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

    I believe inequality is the factor.

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• Tollana1234567@lemmy.today ⁨4⁩ ⁨weeks⁩ ago

  gen z are saving? millineals barely have enough to save, unless you have been in tech for a while.

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• conicalscientist@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

  Yeah gen-z is gonna be fine. Just because there are loud complaints doesn’t necessarily mean there’s a problem. I’ve suspected this generation will end up wealthier than its predecessors. Maybe even the baby boomers too. Particular because savings and especially investments have become far more accessible. The stock market used to be for rich people. Women couldn’t even have bank accounts. These days an average couple can each have their own savings, investments, and benefits. A lot of baby boomers are basically living off the mans income and pension.

  The generations that got fucked hard are those who were working or trying to start careers during the great recession. Some baby boomers and older gen-x lost everything. Younger gen-x and millennials were set back financially several years or even more than a decade.

  Less talked about is the recession baby bust. Which is also the reason universities are set to contract severely. Nobody was having kids. Now there are fewer students. In the longer time span the baby bust generation will not have adult children to care and support for them in elderly age. That is a severe financial penalty that will compound on having less savings too.

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  • Mwa@thelemmy.club ⁨4⁩ ⁨weeks⁩ ago

    true especially that the younger generation is always gonna be the most hated.
    for example: GenZ hates Gen Alpha, they always say Gen Alpha is cooked (this is that X gen is cooked)

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• sturlabragason@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

  Lol

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