Everyone but Gen Z is saving less for retirement. What's happening?

Even as more Americans save less and borrow more from their retirement funds, Gen Z shines as the only generation to have bucked that trend over the past three years, according to Dayforce's second annual State of Retirement Savings report. The total savings rate for full-time workers — including those who save for retirement and those who don't — declined to 8.9% in 2025 from 9.2% the prior year and the first annual decrease in three years, the benefits platform company said. Total savings rate is the co ...