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In a 2024 National Institute of Retirement Security survey of working-age Americans, 79% agree that the nation faces a retirement savings crisis, up from 67% in 2020. And more than half of Americans (55%) are concerned about their financial security in retirement. Gen Z, the youngest adults in America, thinks they have a potential solution. Have you heard about the FIRE 🔥 movement? The FIRE philosophy (Financial Investment, Retire Early) urges workers to save up to 70% of their income for early retirement. According to a survey by Credit Karma, more than 50% of Generation Z say they are part of the FIRE movement. However, the problem is that 76% of Gen Z have no company-sponsored retirement plan, and nearly 60% lack a savings account. So, the data would suggest that the vast majority of people lack the tools needed to pursue the early retirement dream. When was the last time you assessed your retirement strategy? Let us know if you’d like to review your approach to see if you’re on track to pursue your retirement goals. #GenZ #FIREmovement #RetirementStrategy #FinancialLiteracy #InvestInYourFuture

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