Gen Z is harnessing 'one of the magical qualities of investing,' advisor says — how it helps them build wealth
Publishing timestamp: 2024-06-14 18:16:19
Summary
Generation Z is starting to invest at a younger age, which can lead to significant wealth growth due to the power of compounding. Experts recommend opening individual retirement accounts like Roth IRAs early on to build wealth. While social media influencers are not trusted for financial advice, most Americans rely on advisors and accountants. Despite student loan debt, experts suggest starting small with retirement savings to balance debt repayment and investing for future goals.
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Keywords: personal finance, generation z, investment strategy, retirement planning, breaking news: investing, student loans, baby boomers, financial advisors, charles schwab corp, roth iras, business news, personal saving,
Source: https://www.cnbc.com/2024/06/14/gen-z-retirement-saving-younger-millennials-ira-investing.html