Millennials and Gen Zers are famously on their own when it comes to retirement savings, with virtually no access to pensions, and muted expectations of being able to rely on Social Security. Ironically, that pessimism actually may be helping them.
That's according to a new report from Goldman Sachs Asset Management, which surveyed over 5,200 working and retired individuals across generations. The report, which examined various obstacles in saving for retirement among baby boomers, Generation X, millennials, and Generation Z, found that younger generations were far more confident in their ability to reach their goals.
