A future-of-work expert said Gen Zers didn’t have the “promise of stability” at work, so they’re putting their personal lives and well-being first.
4 points
In the late 80s and early 90s, all the badly managed companies went bankrupt and convinced business friendly judges to delete pensions, too expensive, you see. This left a lot of boomers and their parents with nothing all of a sudden.
The 401k problem is that you are now responsible for managing things and all the liability that brings. Pensions were managed by professionals.