28 July 2023
A new study by BlackRock reveals a worrying trend: Americans’ confidence in their financial readiness for retirement is plummeting. Now, only 56% believe they’re on track, a sharp fall from 63% in 2022 and 68% in 2021. Gen Z displays the highest volatility, showing a propensity to sell investments during market downturns. These alarming statistics highlight growing fears about money depletion amidst inflation and market instability.