From Gen Z to boomers, Americans have diminished expectations about living out their retirement dreams, according to a new CNBC|SurveyMonkey study.
A"retirement disconnect" has taken root among Americans across all demographics, from Gen Z to boomers, writes SurveyMonkey CEO Eric Johnson.
But when asked by CNBC and SurveyMonkey for a new study what they realistically expect in retirement, expectations have been lowered., and now … the retirement disconnect? It's not entirely surprising that the current workforce's disillusionment with the status quo extends to even how they think about life after work. The days of dedicating half a century to a single company and retiring comfortably with a gold watch are long gone.
From Gen Z to boomers, workers across demographics are consistent about a few things: that their retirement will look different from their parents' retirement and will be harder to achieve , and that they are concerned they won't be able to afford to fully stop working .
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