<p>Young <a href="http://dailywire.com/topic/stock-market">investors</a> are behind on their retirement savings as <a href="http://dailywire.com/topic/economy">economic</a> fallout continues from COVID-19 and the lockdown-induced <a href="http://dailywire.com/topic/recession">recession</a>.</p>
<p>The most recent <a href="https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/about-fidelity/FID-SORP-DataSheet.pdf">State of Retirement Planning</a> study from financial services company Fidelity shows that the turmoil of the past two years has disrupted many Americans’ savings behavior. Overall, one in four respondents are now “less confident than they were before the events of the past two years” — even though 79% are still confident that they can retire when and how they want.</p>
<p>However, 55% of “Next Gen” — which the study defines as Americans between the ages of 18 and 35 — said that they placed their retirement plans on hold during COVID-19, and 45% do not “see a point in saving until things return to normal.” Therefore, 39% “plan to retire later” due to their inaction.</p>
<p>Indeed, stock market conditions are far from normal as worse-than-expected inflation news <a href="https://www.dailywire.com/news/bloodbath-on-wall-street-as-stock-market-plunges-into-bear-territory">triggers a fresh round of selloffs</a>. The Dow Jones Industrial Average fell nearly 3%, the S&amp;P 500 fell about 4%, and the Nasdaq fell nearly 4% on Monday. Last week, the Dow fell 2.7%, the S&amp;P fell 2.9%, and the Nasdaq fell 3.5%.</p>
<p>Apart from the stock market, real estate — another mechanism Americans use as a store of wealth — remains expensive, especially for first-time buyers. Between quarter two of 2020 and quarter one of 2022, the median home sales price has increased from $322,600 to $428,700 — a 33% increase, according to U.S. Census Bureau <a href="https://fred.stlouisfed.org/series/MSPUS">data</a>.</p>
<p>Overall, Fidelity recommends that younger savers “have time but need to ensure they are making smart retirement decisions.”</p>
<p>Meanwhile, 31% of Americans — including Next Gen, older Millennials, Gen-Xers, and Boomers — are not sure “how to keep up with inflation” when saving for retirement, and 71% are “very concerned” about the impact of rising price levels on their retirement preparedness.</p>
<p>The Consumer Price Index (CPI) rose 8.6% between May 2021 and May 2022, meaning that inflation has again <a href="https://www.dailywire.com/news/inflation-reaches-8-6-setting-new-four-decade-high">surpassed</a> record highs. Prices are <a href="https://www.dailywire.com/news/here-are-the-products-gutting-your-bank-account-as-inflation-soars">particularly lofty</a> for energy products such as gasoline, utility gas service, and fuel oil, while food and vehicle prices also continue to soar.</p>
<p>Indeed, 77% of those with a retirement plan reported that they “know what to do to keep up with inflation,” while only 57% of those without a plan said the same, according to the Fidelity survey.</p>
<p>Beyond attitudes about savings in a post-COVID world, another generational shift in retirement planning lies in the use of digital assets. The 2022 Investopedia Financial Literacy Survey recently indicated that 28% of Millennials — those between the ages of 26 and 41 — expect to <a href="https://www.dailywire.com/news/gen-z-millennials-are-relying-on-crypto-for-their-retirements">use cryptocurrencies to support themselves</a> in their retirements. Nearly 20% of Gen Z — those between 18 and 25 — said the same.</p>
<p>“For younger investors, cryptocurrency is clearly not just a fun asset to trade in order to make fast money,” Investopedia editor-in-chief Caleb Silver remarked. “They are depending on generating returns from cryptocurrency to build wealth and fund their retirement, which is concerning given the lack of education around investing in crypto, and the fact it is still not regulated by the industry.”</p>
<p>Bitcoin, the cryptocurrency with the largest market cap, has plummeted from around $48,400 at the end of December to roughly $22,500 as of Tuesday — a 54% drop. Cryptocurrency exchange platform Coinbase is therefore <a href="https://www.dailywire.com/news/crypto-winter-coinbase-to-lay-off-nearly-one-fifth-of-staff">laying off</a> nearly one-fifth of its workforce amid the troubled digital asset market and overall macroeconomic instability.</p>

<script async src="https://www.instagram.com/embed.js"></script>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<script async src="https://www.tiktok.com/embed.js"></script><div data-widget-host="revcontent" data-pub-id="165152" data-widget-id="290588"></div><script src="https://delivery.revcontent.com/165152/290588/widget.js"></script>

Young Americans ‘Don’t See A Point’ In Saving For Retirement In A Post-COVID World

Bud Light Sales Continue To Plummet, May Soon Lose Status As Number-One Beer

‘Profoundly Christian’: Former Head Of Anglican Church Presses British Government To Endorse Assisted Suicide

Ben Shapiro Reacts To Debt Limit Deal, Hits Both Democrats And Republicans Over Spending Habits

‘The Chosen’ Defends Pride Flag Spotted On Set: ‘Let The Show Speak For Itself’

Chick-Fil-A Faces Backlash As Their Diversity Efforts Resurface, Other Woke Brands Take Beating

North Korea Sentenced Two-Year-Old To Life In Prison After Family Caught With Bible: State Department

News

Economy

Gen Z

Inflation

Millennials

Recession

Stock Market

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Evening Wire: Lebanon Ceasefire Begins & Murder-Suicide Rocks VA | 4.16.26

The Pendragon Cycle

Menu

— News —

Young Americans ‘Don’t See A Point’ In Saving For Retirement In A Post-COVID World