why are many members of younger generations choosing not to save for retirement?\nselect all correct…

why are many members of younger generations choosing not to save for retirement?\nselect all correct answers.\n□ they feel pressured by social media to overspend.\n□ they want to enjoy their money while young.\n□ they are putting money in roth accounts instead.\n□ they are burdened by student loan debt.

why are many members of younger generations choosing not to save for retirement?\nselect all correct answers.\n□ they feel pressured by social media to overspend.\n□ they want to enjoy their money while young.\n□ they are putting money in roth accounts instead.\n□ they are burdened by student loan debt.

Answer

Brief Explanations:

  • Social media often promotes lifestyle spending, pressuring young people to overspend instead of saving for retirement.
  • Many younger people prioritize immediate enjoyment of their income over long-term retirement savings.
  • High student loan debt consumes a large portion of young people's income, leaving little to save for retirement.
  • Roth accounts are a type of retirement savings vehicle, so using them does not count as choosing not to save for retirement.

Answer:

A. They feel pressured by social media to overspend. B. They want to enjoy their money while young. D. They are burdened by student loan debt.