Retirement Savings Challenges for Millennials and Gen Z
Monday, 18 March 2024, 10:00
Retirement Savings Challenges
Fidelity Investment's annual State of Retirement study unveils the growing concerns among Millennials and Gen Z about the daunting task of saving for retirement. Over half of these younger generations express worries about the future due to the escalating cost of living, posing significant hurdles to their financial security.
Key Findings:
- Millennials and Gen Z: Over 50% find retirement saving harder.
- Cost of Living: Major obstacle identified by respondents.
- Financial Strategies: Reflect the evolving needs of younger investors.
The study underscores the necessity for tailored financial solutions and proactive measures to bridge the retirement gap for younger cohorts effectively.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.