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Even if they are,retirementmight look very different for them than it does for their elders.
The good news is that they have a long time to save for that day.
Here, experts explain how Gen Z can plan for retirementwithout relying on Social Security.
Likely, Gen Zers have 25 or more years until retirement, he said.
Thomas Brock, chartered financial analyst and certified public accountant atConsumernotice.org, doubled down on this.
To accumulate an adequate amount of money for retirement, you better do more than think positively.
This means living within your means and limiting want-based spending, he said.
Brock suggested Gen Zers harness this energy to augment their earnings.
Perhaps, you could leverage your professional experience to establish a consulting business.
Alternatively, you could join the gig economy to bring in some extra money on nights and weekends.
Maybe you could even monetize a hobby.
Right now, the most competitive instruments in this space are yielding over 5.00%.
That said, even Gen Zers need to stay risk-aware.
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