Nearly half of Gen Zers think they won’t ‘get a dime’ in Social Security: survey

Almost half of Generation Z adults and 39 percent of millennials do not expect to receive any Social Security benefits they have earned, according to a survey by the Nationwide Retirement Institute, with concerns growing over the program's insolvency within the next decade.

thehill.com

Relevant topic timeline:

8/20/2023

Gen Z and Millennials Need $3M–$5M To Retire: Report

Gen Z and millennials need to save between $3 million and $5 million due to inflation, which has led to a three- to five-fold increase in the recommended retirement savings target, according to a Bloomberg study.

8/24/2023

75% of people ages 50 and up worry Social Security will run out of money in their lifetimes, survey finds

About 75% of Americans aged 50 and older worry that Social Security will run out of funding in their lifetimes, compared to 66% in 2014, according to a survey by Nationwide Retirement Institute, as concerns grow with the depletion dates of the program's funds approaching.

9/9/2023

Gen Z More Optimistic About Homeownership Than Millennials Despite High Prices

Gen Z is more optimistic about homeownership than millennials, with a lower percentage believing it will be impossible in their lifetime, and while both generations face barriers to homeownership such as high home costs and student loan debt, Gen Z is doing a better job of saving and has a slightly higher rate of homeownership compared to millennials and Gen X at their age.

9/16/2023

Younger Generations Worry Boomers' Choices Left Them Financially 'Stuck'

Millennials and Gen Zers are concerned about the financial impact of baby boomers, as they believe the older generations' choices have contributed to their current financial struggles, including high student debt and difficulty affording housing, while boomers hold a majority of the nation's wealth.

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Posted 8/22/2023, 6:55:00 PM