"Gen Z Outpaces Millennials and Boomers in Early Retirement and Stock Investments"

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Source: Business Insider
"Gen Z Outpaces Millennials and Boomers in Early Retirement and Stock Investments"
Photo: Business Insider
TL;DR Summary

Gen Z is taking a more cautious approach to their financial futures, with more than half of them already investing and actively making trades in response to economic factors. They are also saving for retirement at a younger age compared to previous generations, with 66% of Gen Zers surveyed already saving for retirement and stashing away a median 20% of their annual pay. The rise of online tools and access to financial products has made investing more accessible for Gen Z, with investing apps and social media platforms serving as their top sources of information. However, there is a risk of falling for get-rich-quick schemes and blindly following the advice of influencers. Despite the potential pitfalls, Gen Z is shaping up to be the most financially savvy generation yet.

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