GoKawiil
Tech News
Personal finance personality Suze Orman, who is worth tens of millions of dollars, says she still refuses to buy coffee out and brews her own Cafe Bustelo daily. She argues that redirecting the roughly $100 a month people spend on coffee into a Roth IRA could grow to about $1 million over 40 years, and she extends the same frugality to eating out, preferring home-cooked meals with her wife.
With homeownership feeling increasingly out of reach, many Gen Z adults are redirecting money toward retirement accounts instead of down payments. Pew Research found 89% of adults under 40 believe buying a home is harder for their generation than for their parents, while Fidelity data shows Gen Z retirement contributions rising 65% year-over-year, more than double millennials' growth rate. Young savers like 26-year-old Kana Cummings say they started investing early after pandemic-driven financial anxiety pushed them to build multiple savings buckets for the future.