Gen Z Is Saving for Retirement at 23, a Full 17 Years Earlier Than Boomers Did, but the $5,000 Median Balance Reveals the Hardest Truth About Financial Progress
Gen Z workers begin contributing to retirement accounts at age 23, versus age 40 for baby boomers. Yet 60% of millennials and Gen Z have less than $5,000 saved, revealing a paradox at the heart of young Americans' financial lives.