Being the youngest generation in the workforce, it would make sense for Gen Z to be the least concerned with life after work, but it’s actually a top priority for the majority of this demographic.
Seventy-six percent of Gen Z workers are saving for retirement through 401(k)s or other similar workplace plans, with many saving outside of work as well, according to a new survey report from research firm Transamerica Center for Retirement Studies. On average, this generation started saving at age 20, years ahead of their millennial, Gen X and baby boomer colleagues. If leaders want to keep up with younger demographics, they’ll have to revisit their approach to retirement.
