Soaring inflation, stagnant salaries, and a high cost of living are dragging baby boomers out of retirement and back into the office—but young savers are watching and learning. Gen Zers are already putting cash aside for their eventual retirement, Robinhood cofounder and CEO Vlad Tenev has revealed.
“Retirement seemed really, really far away,” Tenev said recently on the Uncapped with Jack Altman podcast, thinking back to his own financial priorities as a twentysomething fresh out of college in 2008. “Now, Gen Zs are opening retirement accounts at 19 years old. So they’re thinking a little bit more conservatively, I think, than prior generations.”
