Just a few years into working, Gen Z is already the most anxious generation about AI derailing their retirement—51% fear it will cut their nest egg |
Just a few years into working, Gen Z is already the most anxious generation about AI derailing their retirement—51% fear it will cut their nest egg
Gen Z may be decades away from retirement, but the youngest generation in the workforce is already the most worried that AI could derail their financial future.
Some 51% of Gen Z now believe AI is threatening their ability to save for retirement, 11 percentage points higher than the national average, according to a new survey by TIAA focused on “Retirement In the Age of AI and GLP-1s.”
Much of that anxiety centers on how the technology could impact their career and earning power: 42% of the youngest workers are “extremely” or “very” concerned that AI could disrupt their career or reduce their earning potential before retirement, as compared to 33% of millennials and 28% of Gen X and boomers.
As business leaders increasingly warn that AI will bring major disruptions, including job losses, it’s perhaps unsurprising that the technology is adding to Gen Z’s concerns about their careers. And while youth unemployment has not dramatically spiked yet, executives like TIAA CEO Thasunda Brown Duckett have ultimately warned that young workers who fail to adapt to AI could find themselves at a disadvantage.
“Artificial intelligence is reshaping industries at a pace........