Rockaa | E+ | Getty ImagesDespite earning more, many Gen Z adults and millennials are having a hard time finding room in their budgets to invest.
In fact, 61% are not saving for retirement each month.
The survey polled 1,013 people ages 18 to 34 in the U.S. in late January.
A prime culprit: higher expenses that have limited their ability to put money aside for savings and investments.
"They're cutting costs, they're tipping less, they're trying to spend less eating out … living with parents … they're not acting like the economy is as good as it is," Beschloss said.
Persons:
Cyrus Beschloss, … they're, Beschloss
Organizations:
CNBC, Generation
Locations:
USA, U.S, It's