Gen Z may find it difficult to think about retirement planning, saving, and investing.
And, for good reason.
Stock markets, especially the S&P 500, have been in turmoil as young workers begin their careers. A recession is also on the horizon. It has also been difficult for wages to keep up with inflation.
What’s more, increasing credit card debt and interest rates are contributing to the problem. The cost of housing has also risen. And, the retirement savings gap has grown even larger.