Gen Z, Millenials have bleak outlook on financial futures, study finds

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Gen Z, Millenials have bleak outlook on financial futures, study finds
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When it comes to their own money, young adults' collective outlook is more bleak — and that has researchers concerned.

Macro Mavens founder Stephanie Pomboy discusses the state of household saving and the comments from JP Morgan CEO on ‘Fox Business Tonight.’

A new study released Thursday by the TIAA Institute and Business for Impact's AgingWell Hub at Georgetown University found more than half of Gen Z and younger millennials ages 24-35 believe they can have a role in solving global problems likeU.S. adults in younger generations have more confidence in their ability to impact the world than their own financial futures, a new study indicates.

"We can’t have people this early in their careers resigning themselves to thinking they won’t do as well financially as their parents did," said Jeanne de Cervens, director of the AgingWell Hub. "We need employers, community groups and others to step up and show young workers how they can plan and get ahead."

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