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Millennials bash Gen Z; Gen Z bad mouths millennials.
Boomers get a fair amount of sass thrown their way, too.
But dont feel too sorry for them.
Theres usually no real malevolence involved in these insults.
But theyre still sort of toxic to hold onto.
What exactly do boomers get wrong about Gen Z,particularly when it comes to their finances?
For example, I work with people who are childfree, meaning they will never have kids.
It was actually a key sign of a good and stable job.
Thats no longer the case.
Most companies providing retirement benefits offer 401(k) plans instead of pension plans, which are pricier.
Today, its a lot harder to be able to afford a home.
Gen Zers are generally highly driven and eager to reach financial freedom.
Theyre just not up for burning out to get there.
Gen Z puts mental health, work-life balance and financial independence at the top of their list of priorities.
This shows that they are proactive rather than passive in managing their lives and jobs.
They dont see that Gen Z is actually really on top of retirement savings and goals.
People think that Gen Z doesnt save enough for retirement, but they really do, Harmer said.
They often start contributing to their retirement earlier than previous groups.
Boomers tend to frown upon this.
Gen Z uses planningapps, robo-advisors and crypto platformsto make managing their money easier and better.
This often makes them more involved with their money than people from previous generations.
Money they could be saving or investing.
Boomers can get pretty judgy about this and when they do, theyre not seeing the full picture.
They care about their cash goals as well as having fun and being easy to get to.
Gen Z knows how to balance spending money on things they dont have to with saving and investing.
They show that it’s possible for you to enjoy life now while planning for the future.
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