Gen Z is widely seen as a generation experiencing what’s been called “delayed adulthood.” They’re more likely to still live at home with their parents or, in many cases, have moved back after an initial failed foray into independent life. They’re delaying marriage, putting off having kids and making many other sacrifices just to cope with high costs of living and a housing market with abysmally low supply and pricing that, for most of them, has soared far out of reach.
But there’s one important financial milestone that this youngest generation of adult Americans is quietly working toward, making more progress than the generations before them. And it might be the most significant financial landmark in adult life: retirement.
