gen z

Gen Z Shows Optimism About Retirement—But Many Lack Pensions

Source: NPPC A new survey from M&G finds that nearly 4 in 10 members of Generation Z (ages 18–24) say they are confident about their financial future—more than double the share of those in their 50s. Some even expect to retire in their 50s, despite the fact that the official pension age for their generation will be at least 68. Yet this optimism masks a concerning reality: almost half of Gen Z workers don’t have a workplace pension, and [...]

Baby boomers more pessimistic about future generations’ retirement outlook

By Margarida Correia Source: Pensions & Investments Baby boomers are not optimistic about the retirement prospects of future generations, according to a survey released Thursday by non-profit Transamerica Center for Retirement Studies. More than half, 55%, believe that future retirees will be worse off than those currently in retirement, the survey found. The pessimism eased among younger workers. Only 28% of Generation Z and 33% of millennials saw future retirees as being worse off. A little more than half [...]