Updated
Updated · Fortune · Jun 21
Edward Jones Urges Easier 401(k)s for Gen Z as 80% Skip Workplace Retirement Plans
Updated
Updated · Fortune · Jun 21

Edward Jones Urges Easier 401(k)s for Gen Z as 80% Skip Workplace Retirement Plans

1 articles · Updated · Fortune · Jun 21

Summary

  • Nearly 4 in 5 Gen Z workers do not contribute to a workplace retirement plan, even though employer plans are often a first investing entry point, according to 2025 Edward Jones and Morning Consult research.
  • 66% of Gen Z respondents said they would be more likely to join a workplace retirement plan if enrollment were easier, leading the advisor to recommend automatic savings features, gradual contribution increases and broader financial education.
  • About 6 in 10 Gen Z-ers have paused retirement saving in the past year because of current financial pressure, a sign that high living costs are disrupting even a generation described as financially proactive.
  • Only 14% seek help from a professional advisor, the report said, leaving workplace financial wellness programs and employer-sponsored guidance as a potential way to build confidence while improving engagement and retention.

Insights

Gen Z saves early but skips the 401(k). What new financial tools are actually winning their trust and dollars?
Can automated retirement plans solve Gen Z's money stress when student debt and high rent are the bigger problems?