Newsweek - A significant proportion of young Americans are pessimistic about their retirement prospects, according to an exclusive Newsweek poll. The survey, conducted by Talker Research between December 23 and 30, saw 1,000 employed U.S. adults quizzed on how they view retirement.
As part of the poll, respondents were asked: "Do you believe retirement will still be financially viable for most Americans in the future?" The results highlighted a clear sense of unease about the future among two key age demographics.
Forty-one percent of Gen Z respondents (aged 18-26) answered "no," with a further 11 percent admitting they were "not sure." There was a similar level of pessimism among millennials with 32 percent answering "no" and 15 percent saying they were "not sure."
The downcast outlook among Gen Z and millennials was further emphasized in the responses to another question on the poll asking: "When you retire, do you expect to be better/worse off than you are right now, or about the same?"
One in four (25 percent) Gen Z respondents expected to be worse off, with 20 percent predicting they will be in just the same position as they are now when they retire. When it came to millennials, 22 percent expected to be worse off while 26 percent thought things would stay the same.
1 comment:
In 2016 and 2020 Gen Z had the lowest voter participation of any generation, so it’s time for them to take a peek at the writing on the wall.
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