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RT Nick Szabo (@NickSzabo4)The numbers don't back it up. Although surveys tend to be all over the map, most show GenZ is saving a somewhat higher percentage of their incomes than Millenials or Boomers did. The problem is they have considerably less income, relative to asset and housing prices, and rent and health care and education costs, from which to save. ...

Core Insights - A recent survey indicates that younger Americans, particularly Generation Z and millennials, are increasingly doubtful about the reliability of Social Security as a primary income source during retirement [2] - Only 5% of Generation Z and 16% of millennials with 401(k) plans believe Social Security will be their main income source upon retirement, prompting a shift towards personal investments and 401(k) plans [2] Summary by Category Survey Findings - The survey conducted by Cerulli reveals a significant lack of confidence among younger generations regarding Social Security [2] - The statistics show that merely 5% of Generation Z and 16% of millennials with 401(k)s expect Social Security to be their primary income source in retirement [2] Behavioral Trends - In response to their skepticism about Social Security, younger Americans are increasingly focusing on personal investments and 401(k) plans as their main financial strategy for retirement [2]

Social Trends - Generation Z embraces MAHA (Make America Healthy Again) [1] - Social-media influencers promote clean eating [1] - Generation Z shows skepticism of Big Pharma [1]

Consumer Spending Trends - US holiday spending is expected to decrease this year [1] - Gen Z's concerns about rising prices, tariffs, and higher cost of living are driving the decline [1]

Generation Z are starting their adult life off far more miserable than any generation before, according to new research. But why youngsters are so depressed is still unclear https://t.co/87wv5VF5eB ...

Consumer Behavior - Generation Z's shopping habits are causing uncertainty regarding British consumer behavior [1] - Shifting seasonal patterns are contributing to confusion about the state of the British consumer [1]

Generational Workforce Challenges - Leadership should address the unique challenges faced by Gen Z workers instead of judging them [1] Human Resources Strategies - Companies should take steps to support struggling Gen Z employees [1]

Savings Behavior - Generation Z lacks sufficient savings [1] Financial Planning - The report suggests ways for individuals in their 20s to start saving [1]

Generation Z Characteristics & Impact - Generation Z champions equality, advocating for diversity, inclusion, and equal opportunity [6] - They are environmental stewards, connecting to causes like global warming and waste reduction [6] - They are digitally fluent and information-driven, with algorithms shaping their perception of truth [7] - They are go-to tech troubleshooters [7] Workforce & Future Trends - By 2030, Gen Z will be driving the workforce, revolutionizing work [9] - The micro-retirement movement, motivated by the need to prioritize mental health, is gaining traction [10] - Micro-retirements involve extended breaks (6 months to a year) throughout a career, not just traditional retirement [10] - Gen Z can engage in social media influencing or freelance work during these breaks [11] Recommendations - Normalize mental wellness and encourage strategic breaks and self-care [11] - Engage and collaborate with Generation Z by building relationships and finding common ground [12]