When it comes to retirement savings, Gen Z and millennials don’t want to just “set it and forget it.” Instead, these younger generations are taking a more proactive approach to their long-term savings, engaging in a variety of investment strategies to see what sticks.
According to Schwab Retirement Plan Services’ annual 401(k) retirement survey, 401(k)s remain the primary retirement savings vehicle for employees, yet Gen Z and millennials are more likely to also invest in cryptocurrency and use online trading apps than older generations.
