Millennial here - gen Z has retirement savings???

I had 14 grand in a 401k. I had to spend it to survive for a year while I looked for a job. All of it.

Now I know 14k aint shit. But that is where we are.

Gen X here, same fucking story.

Which generation isn’t doing this? I don’t think it is a generational cadre thing. I think it is a class thing.

Millennials be like…

You guys have retirement savings?

This situation in untenable. We need universal basic income. It can be financed if we tax the rich. It won't lead to inflation higher than the extra income. It merely gives small and middle sized companies a way to compete in the economy.

Yeah, because everything is ridiculously expensive and no one makes any money.

Billionaires have all our money. Maybe we could ask for it back nicely.

The survey this is based on has a summary page, but they don’t post their survey error estimates. What I can tell, without giving them my email, is that the entire survey was 250 adults. How many of those are “gen z” I have no idea, but if you are generous and say 1/4 that is 63 people considered gen z. The 46 percent that reported dipping into savings would then be about 29.

Just so everyone prognosticating about the state of the economy in this thread is aware, you are commenting on a survey that has a very low n and did not publish any sort of margin of error.

Soon there will be a critical mass of people who have nothing left to lose

Gen Z has retirements? 🤔

It's amazing how badly small amount of people can treat large amount of people and get away with it.

Millennial but I've been doing this for the last 4-5 years at this point

Im Xer and my wife is to. We are doing that now to some degree. We were actually sorta trying to dejunk but now we are scared we might need something and not have the money to buy it so not getting rid of stuff as much.

BIG BEAUTIFUL BILL :\

Stupidly expensive cost of living in some countries and even certain regions.