The “Gen Z” approach to retirement and financial security

For Generation Z – defined, broadly, as those born between the late 1990s and early 2010s – retirement planning is shaped less by timelines and more by uncertainty. While long-term financial security matters to this generation, increased living costs, student debt, and housing affordability make saving feel challenging during their early careers.

Rewriting the rules

Gen Z also tends to favour more flexible, self-directed approaches to saving. Tools like TFSAs, RRSPs, and low-cost index investing are popular as they offer more portability and control. While pursued cautiously, there also appears to be a growing interest in financial independence strategies within this cohort.

From TFSAs to TikTok: Where Gen Z-ers Learn About Money

When it comes to financial education, for Gen Z this happens more often through popular, peer-to-peer platforms like YouTube, Reddit, Substack, and even TikTok. Here, they look for practical examples, shared experiences, and tools that help them make informed decisions on their own terms.

Your Pension

Retirement may appear far off for Generation Z, but concern about financial security is very real – and we’re here to help. Even if you’re just starting your career, it’s not too early to begin thinking about what your retirement might look like.

Being a member of a DB plan like the PSPP provides you with a reliable, predictable income for life. Because the PSPP handles investing and risk management, you don’t have to worry about managing your retirement savings on your own. This foundation becomes a strong pillar within your broader financial plan, helping create long‑term security and peace of mind.

Login to your e-services account(opens in a new tab) on OPB.ca and sign up for a pension education session or book a one-on-one with one of our Client Service Advisors to discuss your financial future.