A Federal Reserve survey reveals Gen Z workers are saving an average of 15% of their income, the highest savings rate of any generation at the same age, driven by financial anxiety and digital budgeting tools.

Why Gen Z Saves

Having witnessed their parents' struggles during the 2008 crisis and pandemic, Gen Z prioritizes financial security. Apps like Robinhood and YNAB have made investing and budgeting accessible and engaging.

Investment Preferences

Unlike older generations, Gen Z allocates 40% of investments to index funds, 25% to crypto, and 20% to individual stocks, with the remainder in savings accounts.