“Only 15% of Gen Z regularly saves a portion of their paycheck…”
September 4, 2024
“Only 15% of Gen Z regularly puts a portion of their paycheck into a savings account, according to a recent Bank of America survey. And just 1 in 5 Gen Zers are contributing to a retirement account.
The survey gathered 1,097 responses from adults 18 and older and an overlapping sample of 1,091 adults between the ages of 18 and 27. Gen Z is typically defined as those born between the years of 1997 and 2012. The good news: Gen Zers are still under 30, and have plenty of time to save money and develop smart financial habits…”
https://www.cnbc.com/2024/08/23/how-to-start-saving-more-money-today.html
Start early. The sooner you start saving the better. Don’t depend on the government to survive. It won’t turn out well. Never does.