Gen-Z Savers?!
I am highly critical of GenZ for many reasons but I’ll give credit where credit is due.
Find out the surprising reason, next.
Gen-Zers aren’t typically known for their financial prowess but get this, according to new research, these 18-25 year olds are stashing more for retirement than their older counterparts.
On average, Gen-Zers are putting away 14% of income compared to the 12% set aside by millennials, Gen-Xers, and even baby boomers!
I don’t know about you, but I find that shocking!
Researchers believe this bumped up motivation to save might come from watching their parents struggle during the 2007-2009 Great Recession.
Whatever the reason, it’s great to see young people living a bit more responsibly than we thought. Maybe our future leaders aren’t so doomed after all!
But on the flip side of that optimistic coin, the same study also found retirement confidence amongst Americans is down by about 5% since last year. It’s not hard to figure out why, just look at Biden’s economy!
Still, a high-five to you 18-25 year olds. Save on!
I’m Tomi Lahren and you can listen to all of my hot takes at Foxnewscommentary.com