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Early Retirements Being Planned by Young US Workers, Goldman Sachs

A survey is indicative of the fact how much young workers might need to be realistic about the amount of money they will need in later life.

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Early Retirements Being Planned by Young US Workers, Goldman Sachs

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  1. Early Retirements Being Planned by Young US Workers, Goldman Sachs According to Bloomberg News, few US workers have just entered the job market and they are already planning to exit early from it. A survey was conducted by Goldman Sachs Asset Management in which around 25% of respondents belonging to Gen Z said that they have plans to retire early and before they attain the age of 55. This is a recent trend that is being noticed and the survey results are in line with the same in which reevaluation or just simply giving up work early is trending. Bloomberg News also reports that most of the people that Goldman carried out a survey upon, in fact, left their jobs early. However, they took the step quite late in life, during the later stages of employment. And the most common age group range to have done so is between 60 and 64 years. And just 8% retired before they attained 55 years of age. According to Jeri Savage, who is working for Goldman Sachs Asset Management looking after multi-asset solutions and contribution research said, “Our biggest takeaway for younger workers is that they may need to plan with more realistic assumptions”.

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