Gen Z Is Saving More for Retirement Than Previous Generations. Here’s Why.
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NOVEMBER 14, 2024
In 2021, 62 percent of workers aged 18-24 were contributing to 401(k) plans; that’s more than double the rate (30%) of the same age group in 2006. In 2006, just 11% of employers in their study offered automatic enrollment. This bucks the trend of younger generations saving less than older generations.
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