NAPA Net - Polling Places 102822

Are Gen Zers Super Savers?

A recent survey finds that Gen Z (those aged 18-25) are saving an average of 14% of pay for retirement – more than the other workplace demographics (Boomers, Gen X & Millennials).

Now, granted, according to that survey the other demographics are also pretty aggressive savers (averaging out at about 12%), but still – 14%? Perhaps if it’s both employer AND employee contributions?

Not that it seems to be doing much to assuage retirement confidence concerns – though as it turns out Gen Zers have the most confidence in their savings (69%), followed by boomers at 65%, and both millennials and Gen Xers at 60%.

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* 1. Have you noticed higher rates of deferrals among younger workers in the organizations you work with/support?

Not really.

Yes, with most.

Yes

We don’t track/monitor by age

Yes - with some, anyway.

No.

any comments on the above?

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* 2. So, among those younger (Gen Z) workers, does 14% deferrals sound about right?

About right (even without employer contributions).

About right (certainly if you include employer contributions)

We don’t track/monitor by age.

That's lower than we’re seeing.

That's a LOT higher than we're typically seeing.

That's higher than we’re typically seeing

any comments on the above?

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* 3. Other comments about savings rates, differences in the generations, different savings rate(s) among the generations, different levels of retirement confidence among the generations (or lack thereof), surveys that track savings rates by generations, or life in general?

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* 4. One more thing - Halloween is rapidly approaching - so, what is your favorite scary movie?

A Quiet Place

A Quiet Place II

Alien

Aliens

All of the Saws

American Psycho

Annabelle

Annabelle Comes Home

Annabelle: Creation

Army of Darkness

As Above So Below

Autopsy of Jane Doe, The

Babadook, The

Bird Box

Black Christmas

Blair Witch Project, The

Boy, The

Brightburn

Bye Bye Man, The

Candyman (2021)

Candyman (Tony Todd version)

Carrie (2013 version)

Carrie (the 1976 version)

Children of the Corn

Conjuring 2, The

Conjuring, The

Dawn of the Dead (1978)

Dawn of the Dead (2004 – with the fast zombies)

Devil Made Me Do It, The (Conjuring 3)

Don't Look Now

Drag Me to Hell

Exorcism of Emily Rose, The

Exorcist, The (1973)

Friday the 13th

Grudge, The

Halloween (1978)

Halloween (2007)

Halloween Kills

Haunting of Bly Manor, The

Haunting of Hill House, The

Haunting, The (1963)

Hellbender

Hellraiser

Hellraiser (2022)

Hereditary

Hitcher, The

In the Tall Grass

Insidious

It (2017)

It 2 (2019)

It Follows

Jaws

Last House on the Left

Let the Right One In

Midsommar

Night of the Living Dead (1968)

Night of the Living Dead (1990)

Nightmare on Elm Street (1984)

Nope

Nun, The

Omen, The (1978)

Orphan

Orphan - First Kill

Others, The

Paranormal Activity

Pet Sematary (1983)

Pet Sematary (2019)

Poltergeist (1982)

Poltergeist (2015)

Predator

Prey

Psycho (1960)

Ring 2, The

Ring, The

Rosemary's Baby

Rosemary's Baby (1968)

Salem's Lot

Saw

Scream

Seven

Shaun of the Dead

Silence of the Lambs

Silver Bullet

Sinister

Sixth Sense, The

Stephen King's It (the original scary clown)

Suspiria

Texas Chainsaw Massacre, The (Tobe Hooper's version)

The Shining (the 1980 version)

Thing, The

Trilogy of Terror

Uninvited, The (1944)

Visit, The

Watcher

Winchester

Witch, The

WHY is it your favorite? One I missed?

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* 5. What is your role working with retirement plans?

Advisor

Provider

TPA

Plan sponsor

Recordkeeper

Wholesaler

Consultant

Other (please specify)

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* 6. What size plans do you PRIMARILY work with?

Under $10 million in assets

$10-$20 million

$20-$50 million

$50-100 million

$100 million - $250 million

$250 million - $500 million

Above $500 million

Other (please specify)

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* 7. Suggestions for future survey questions? Seriously - what would you like to know about/from your fellow NAPA-Net readers? Or what would you like to be asked?

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* 8. All responses are confidential, of course - but just in case you would like a response - or want me to know you responded - or just want to say hi - here's your chance to do so (don't forget your email)!