A new Goldman Sachs retirement survey has found that 80% of Gen Z workers and 77% of millennials are taking on additional work outside their primary jobs, with 76% of Gen Z and 73% of millennials saying they could not make ends meet without that extra income. Across all employees, 61% reported engaging in additional work, and the survey showed respondents were less likely this year, at 58%, to say they were on track for their retirement goals, down from 68% last year. Chris Ceder, senior retirement strategist at Goldman Sachs Asset Management, told a media roundtable that savings momentum seems to be stalling, with the share of people increasing their savings into 2026 falling from 55% to 39%. The strain is affecting daily work, as 69% of Gen Z and 67% of millennials said they find it difficult to focus at work because of worries about debt or household costs, while 34% of Americans said a primary motivation for changing jobs would be to earn more money. The findings come amid mortgage rates that remain elevated, unaffordable house prices, inflation at 3.4%, and concerns over job security due to AI, with Goldman noting that costs such as housing now crowd out retirement saving priorities.
Goldman Sachs Group IncGoldman Sachs survey reports stalling retirement savings and rising second-job reliance, but no clear financial impact on Goldman itself.
