Gen Zers are saving for retirement earlier, and more aggressively, than the generations before them.
Zhang was 20 years old when she opened her first retirement account, a Roth IRA, after learning about them from personal finance Youtube channels. She maxed it out for two years using money from her savings and summer internships, and when she got a job after college, switched her focus to maxing out her 401.
Retirement benefits are among the top priorities when looking for a new job for the Class of 2024, with 65% of college seniors saying they wouldn't accept a job offer at a company that didn't offer an employer-sponsored 401, according to Handshake. "I really think Gen Z is less afraid to invest," Hinckley says. "It's like, OK well, we're going to figure it out."
Everyone has a sense of what their end of career looks like for them, and are thinking about that from day one, which is an interesting shift.Young professionals have more access to personal finance advice than ever, and "are very aware of opportunities they need to take advantage of and want to make sure they're not being left behind," Thombley says.
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