While generation Z workers are saving more, they’re also withdrawing from their retirement savings more often than other generations, according to a new report by the Canada Life Assurance Co. and Deloitte Canada.

It found a 30-year-old today is saving more and has a higher registered retirement savings plan balance than a 30-year-old did in 2018. However, gen Z employees are withdrawing from their RRSP 12 per cent more than millennials and 42 per cent more than generation X did at the same age.

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