Younger Americans are already thinking about retirement and saving up ahead of schedule, according to Robinhood cofounder and CEO Vlad Tenev.

"When I was graduating from college in 2008, I wasn't really thinking about retirement that much. Retirement seemed really, really far away." Tenev told Jack Altman, brother of OpenAI CEO Sam Altman, during a recent podcast appearance.

"Now Gen Z is opening retirement accounts at 19 years old, so they're thinking a little bit more conservatively, I think, than prior generations."

Why It Matters

Tenev attributed the shift to increasing financial literacy and forward-thinking among Gen Z. However, surveys show that many younger Americans are concerned that a financially secure retirement is becoming increasingly out of reach, driven in part by r

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