Generation Y employees are less likely to be concerned with having pensions than Baby Boomers.

Question

Quizplus · Accepted Answer

Studies have shown that Generation Y employees prioritize other benefits and incentives over traditional pension plans, such as workplace flexibility, career development, and work-life balance. They may also be more likely to invest in alternative retirement savings options, such as 401(k)s or individual retirement accounts (IRAs). In contrast, Baby Boomers grew up in a time when pensions were more common and valued, and may have different preferences and expectations for retirement benefits.

Generation Y Employees Are Less Likely to Be Concerned with Having