Soaring inflation, stagnant salaries, and a high cost-of-living are dragging baby boomers out of retirement and back into the office—but young savers are watching and learning. Gen Zers are already putting cash aside for their inevitable retirement, Robinhood cofounder and CEO Vlad Tenev has revealed.

“Retirement seemed really, really far away,” Tenev said recently on the Upcapped with Jack Altman podcast, thinking back to his own financial priorities as a 20-something fresh out of college in 2008. “Now, Gen Zs are opening retirement accounts at 19 years old. So they’re thinking a little bit more conservatively, I think, than prior generations.”

Tenev said the trend might seem strange to onlookers—many people may assume that young, cash-strapped Gen Zers are frivolously spending their mo

See Full Page