Will Gen Z be better at saving for retirement than other generations? [Globe and Mail, The (Toronto, Canada)]
Toronto Dominion Bank (The) (TD)
Last toronto dominion bank (the) earnings: 2/27 06:30 am
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Source: Globe and Mail, The
Ms. Ding, 23, is a recent graduate from Carleton University's media production and design program. While working through school, she managed to put aside nearly half her paycheques. That money was divided carefully: some for emergencies, some for short-term goals and travel, and some for the “way, way, way future Leona, who one day hopes to retire without needing to work when I'm significantly older,” she says. “It's a really scary time to be looking for work, especially when you're young,” she says. And though she doesn't have “super concrete goal posts” for retirement, she says “it's something I keep in mind.” There's some evidence that Gen Z is better at saving than previous generations. Recent analysis of The National Payroll Institute's 2025 Annual Survey of Working Canadians by Canada's Financial Wellness Lab found that compared to older generations, Gen Z workers are saving an average of 11 per cent of each pay cheque , a higher proportion than any other generation. (Gener
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