Robinhood CEO Vlad Tenev Says Gen Z Starts Retirement Saving Earlier Than Millennials
Tenev said the average age for opening a retirement account is about 19 for Gen Z, compared with 25 for millennials, pointing to earlier long-term investing habits.
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Terms & Concepts
Retirement account: A long-term investment account designed to help individuals save and invest for retirement, often with tax advantages.
Long-term investing: An investment approach focused on holding assets over extended periods to build wealth over time.