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Retirement is overrated, Gen Z says, as ‘soft saving’ trend takes hold
Retiring early is out and “soft saving” is in — at least according to Gen Z. Younger American adults are taking a more relaxed approach to their long-term financial security, a recent Prosperity Index study by Intuit found. In the current climate, newly minted adults between the ages of 18 and 25 are more interested in experiences that promote personal growth and emotional well-being. They are living in the moment, the report found, and they are less interested in retiring early — or at all. The so-called soft saving trend is “the soft life’s answer to finances,” the report said. Soft saving gains steam ... (full story)