re: Do you think Millennials/Gen Z will "hold down" the stock markets in the coming decades?

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Baby Boomers:

-Forty percent of Baby Boomer workers expect Social Security to be their primary source of retirement income.

-Eighty-three percent are saving for retirement in an employer-sponsored 401(k) or similar plan and/or outside the workplace. They began
saving at age 35 (median). Those participating in a 401(k) or similar plan contribute 10 percent (median) of their annual pay.

-Baby Boomer workers have saved $162,000 (estimated median) in total household retirement accounts but only $15,000
(median) in emergency savings.

-Almost half of Baby Boomer workers (49 percent) expect to work past age 70 or do not plan to retire.

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Gen X
-Only 22 percent of Generation X workers are “very” confident they will be able to fully retire with a comfortable lifestyle and just
28 percent “strongly agree” they are building a large enough retirement nest egg.

-Seventy-eight percent are concerned Social Security will not be there for them when they are ready to retire.

-Eighty-one percent are saving for retirement in an employer-sponsored 401(k) or similar plan and/or outside the workplace.

-Generation X workers began saving at age 30 (median). Those participating in a 401(k) or similar plan contribute 10 percent
(median) of their annual pay. They have saved $87,000 (estimated median) in total household retirement accounts but only
$5,000 (median) in emergency savings.

-Generation X workers seek to extend their working years with more time to save. Thirty-eight percent expect to retire at age 70
or older or do not plan to retire, and 55 percent plan to work in retirement.

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Millennials
-They started their careers with higher levels of student debt than previous generations. Millennials have waited to buy homes, get married, and start families, but with the increasingly widespread availability of 401(k) plans, they made a solid and early start in saving for retirement.

-Most Millennial workers (84 percent) say their life priorities have changed as a result of the pandemic, and 68 percent are concerned about their mental health.

-Three in four Millennial workers (76 percent) are saving for retirement in a 401(k) or similar plan and/or outside theworkplace. They began saving at age 25 (median). Those participating in a 401(k) or similar plan contribute 15 percent (median) of their annual pay.

-Millennial workers have saved $50,000 (estimated median) in total household retirement accounts but just $3,000 (median) in emergency savings.

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Gen Z
-Fifty-one percent have trouble making ends meet. Yet, they have not given up on retirement.

-Sixty-seven percent of Generation Z workers are saving through employer-sponsored 401(k)s or similar retirement plans and/or outside the workplace – and they started saving at the unprecedented young age of 19 (median).

-Those participating in a 401(k) or similar plan contribute 20 percent (median) of their annual pay. Generation Z workers have saved $33,000 (estimated median) in total household retirement accounts but only $2,000 (median) in emergency.

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