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If Gen Z isnt counting on their Social Security benefits, how much should they save for retirement?
Approximately74% of Generation Z also worry about the Social Security program running out of funding in their lifetime.
Will Social Security Run Out?
The Social Security program will never actually run out of money.
As long as workers pay FICA taxes, retirees will always receive their benefits.
If youre younger and relying on Social Security for a payment, I think thats really risky.
Zhang opened her first retirement account at 20.
Now, at 24, she has six figures saved across three different retirement accounts.
She isnt the only Gen Zer stashing money away and prioritizing her golden years.
How Much Does Gen Z Need to Be Saving?
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