You guys have retirement savings?
this post was submitted on 02 Sep 2025
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Which generation isn’t doing this? I don’t think it is a generational cadre thing. I think it is a class thing.
I pretty much said the same thing about my own experience then was downvoted to all hell and accused of being a boomer who caused all this. Wth is wrong with people, no wonder we can't escape this shit no matter the generation.
Late babyboomer and early genx are doing just fine for the most part. I mean they've spent the last 5 decades pillaging from their children and grandchildren's futures to keep the stock market booming.
If you put a $100 investment in the S&P 500 at the start of 1980, with dividends reinvested, it would have grown to approximately $17,427.60 by early 2025. This is the reason the vast majority of people who vote for Republicans are 55 and older, because they don't care about anything but securing their own bag.
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Right? I'm in my 40s and I've razed every 401k I've had to survive and move between jobs.
You got to love that media outlet. They can't even write an accurate headline. If people are skipping meals, they aren't getting by.
Vagrants giving up access to clean clothes, drinking water, and shelter against severe weather just to get by
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This situation in untenable. We need universal basic income. It can be financed if we tax the rich. It won't lead to inflation higher than the extra income. It merely gives small and middle sized companies a way to compete in the economy.
I don't know if universal basic income would really do anything in the long run. I don't think it would lead to overall run off inflation, but I dont doubt for a second that landlords would immediately increase rent.
We don't really need more money supply, we need more protections in areas of economics that should rightfully be considered natural monopolies.
If we didn't have to spend so much on essentials that should be subsidized or price controlled by the government like housing, food, utilities, and healthcare, then we'd have more to stimulate other areas of the economy.
Increasing the money supply without implementing mechanisms for regulation is just a complicated economic stimulus for landlords, produce markets, and utility companies.
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It's a vicious circle :
- People can't afford to have kids
- Aging population
- Labour shortage
- Use more immigrant labour
- People start getting pissy about immigrants
- People vote for right wing candidates
- Decrement the social wellbeing counter and return to 1
Millennial here - gen Z has retirement savings???
lol right? Must be nice to afford to put more than your employer’s match into your 401k
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Millennials be like…
I had 14 grand in a 401k. I had to spend it to survive for a year while I looked for a job. All of it.
Now I know 14k aint shit. But that is where we are.
14k would have been $132k in 45 years when you would have otherwise retired.
The power is in the interest. Even if you max out your 401k in the future it cannot make up for missing interest earnings on early deposits. Having to use it it now means nobody in this entire generation will ever retire, ever.
Just to put it into perspective, if the inflation rate for the past 45 years predicts the next 45 years. $14K today = $55K in 45 years. A $75K household income today would be $294K in 45 years.
So $14K in a 401K saved for 45 years is a pittance and should never be considered a retirement "program". It's all bullshit to decrease and eliminate the cost of actual pension programs.
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I had $20K a 401K and $15K in school loans when I swapped jobs in my late 20's. Guess what I did with it.
3 years later I was able to purchase my first house because I saved up money instead of paying the student loans.
Right now I should be maximizing my retirement savings according to all the advisors. Instead I am using the money to pay for my kids college so they can start off in life above zero instead of -$50k like my wife and I did.
I figured out a long time ago that there is no way in hell I can retire and remain in the U.S. The system is rigged against me. So my goal for the next 10 years is to learn Spanish.
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Soon there will be a critical mass of people who have nothing left to lose
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I feel bad for 20 year olds now. Shit would have made me kill myself had I had to pay rent at these prices back in 2008. I barely survived on 300$ a week paychecks then. How are people even doing it today?
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y'all got retirements and belonging??????
Billionaires have all our money. Maybe we could ask for it back nicely.
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Gen Z has retirements? 🤔
Yeah, because everything is ridiculously expensive and no one makes any money.
I had to cash out my 401(k) while looking for a job. Thought I was on the start to a good track, but the house of cards collapses easily.
Sending applications that make you enter the information multiple times, have some ATS system with poorly implemented OCR autofilling among other issues. The chance to even have a chance at a job via interview is ridiculous.
To add insult to injury, at my previous job most people were referred by relatives or hired a VERY long time ago. It seems the world just hates anyone under 40? Including those damned millennials, right??
It’s fun to be expected to break your back for a system when nothing rewards you.
Stupidly expensive cost of living in some countries and even certain regions.
Millennial but I've been doing this for the last 4-5 years at this point
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It ain't just them its everybody
“Retirement”
I wonder if this really is the majority in america..its weird, I dont really see it here but im guessing a lot of people I know are getting parents help. I am seeing more homeless in my area all the time though but that does seem mental health related as well
If you knew for a fact that you'd never retire, you'd go a bit insane as well
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The survey this is based on has a summary page, but they don’t post their survey error estimates. What I can tell, without giving them my email, is that the entire survey was 250 adults. How many of those are “gen z” I have no idea, but if you are generous and say 1/4 that is 63 people considered gen z. The 46 percent that reported dipping into savings would then be about 29.
Just so everyone prognosticating about the state of the economy in this thread is aware, you are commenting on a survey that has a very low n and did not publish any sort of margin of error.
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Gen Z where? I'm guessing the USA?
I don't see a clear reference to where those surveys where conducted.
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