Average Retirement Savings for Baby Boomers
The best retirement investment strategy Generation Z can learn from boomers
Generation Z will soon surpass millennials as the most populous generation on earth, with more than a third of the world’s population counting themselves as Gen Z. And this group is motivated to retire early—perhaps more so than any generation to come before it: one in five members of Gen Z plan to retire by the age of 50, and one in four plan to retire by 55. With rising inflation, a changing workplace and competitive housing markets, the fact of the matter is that to seize an early (or even commonly timed) retirement, investment portfolio diversification is becoming increasingly vital. If Gen Z is going to reach its bold goals, they’ll need to do so with an eye toward stable investments with long term gains.