Core Insights - Financial anxiety is prevalent among Gen Z, but many are actively trying to save and reduce debt [1] - Gen Z faces multiple financial threats that complicate retirement planning [1] Group 1: Debt - High-interest debt, particularly credit card debt, is a significant barrier to retirement savings for Gen Z, with the average individual holding over $3,000 in credit card debt [3] - Monthly student loan payments average $526, further limiting the ability to save for retirement [5] - The combination of credit card debt and student loans leaves little disposable income for retirement savings [5] Group 2: Increasing Costs - Economic challenges, including rising costs and inflation, are making it difficult for Gen Z to save for future goals [6] - Many Gen Z individuals are not overspending on luxuries but rather on necessities, with rent consuming up to half of their take-home pay [7] - Inflationary pressures and tariff-induced price increases are further straining budgets, reducing available funds for long-term planning [7]