Say goodbye to retirement? A 'soft saving' trend is emerging among young people
Publishing timestamp: 2023-10-23 13:16:08
Summary
The article discusses the emerging trend of "soft saving" among younger workers, particularly Generation Z, who prioritize experiences and personal growth over traditional saving for the future. It highlights the decrease in personal saving rates among Americans and the changing financial goals and priorities of younger workers. The article also explores concerns about retirement and the changing definition of retirement itself, with many younger workers planning to continue some form of paid work during retirement. It concludes by emphasizing the importance of balancing near-term needs with long-term financial goals.
Sentiment: MIXED
Tickers: INTU,
Keywords: health savings account, intuit inc, millennials, consumer finance, wellness, personal saving, personal income, student finances, personal debt, personal care, retiree finances, retirement planners, personal spending, financier, young investors, personnel, individual retirement accounts, investment strategy, health, investment management, retirement planning, personal finance, social issues, wealth, breaking news, personal investing, labor economy,