3 sources·Business

Americans Reflect on Financial Regrets and Aspirations in Uncertain Times

A survey reveals older Americans' financial regrets and insights into Gen Z's optimistic view of success amidst economic challenges.

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Updated: Nov 23rd, 2024, 5:53 PM ET

Summary

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A survey of nearly 1,200 older Americans highlights financial regrets, particularly regarding retirement readiness and investing mistakes. In contrast, Gen Z defines financial success with aspirational benchmarks but faces economic pressures like inflation and high living costs. Many older respondents expressed a desire for better financial literacy and regret about spending habits, while Gen Z remains overly optimistic about achieving lofty financial goals despite challenging economic conditions. The disparity between generations underscores differing financial landscapes and aspirations as they navigate uncertain economic times.

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