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deconstruct OP ,

It’s not just boomers.

Young savers have done especially well. Gen Z saw a 66% increase in average 401(k) balances compared to a year ago, while millennials saw a 24.5% increase. Average Gen X balances were up 14.5%, and baby boomers saw an average increase of 6.3% compared to a year ago.

Source from Fidelity (PDF)

Deftdrummer ,

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    deconstruct OP ,

    Gen Y (millenials) saw the second largest increase. Balances for millenials and Gen Z are much lower due to other expenses like student loans.

    Deftdrummer ,

    Interesting, is Gen Z the first generation to have student loans?

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