Gen Z Respondents Began Building Wealth at 19 on Average; 62% Struggle

In the online survey, Gen Z respondents put their average starting age for deliberate wealth building at 19, while 62% said they struggled to make financial progress. That average was 13 years below the 32-year average among respondents ages 62 and older. Millennials said they started at 25 on average, while Gen X respondents reported an average age of 29. The survey asked when participants first began building wealth intentionally, with examples including investing, contributing to a retirement account, buying property and saving for long-term financial goals. It covered 5,000 U.S.

Source: TokenPost