That's what a study by Northwestern Mutual found. Even more interesting is that nearly 6 in 10 Gen Z women believe they will be financially prepared for retirement. As CNBC puts it, this generation is the most confident they’ll be able to retire. For those that want an idea of what Gen that we're talking about people born in 1997 onward.

For a generation that has heard a lot of the big wealth gap between millennials and baby boomers, it's surprising to see Gen Z think they'll be as lucky as the baby boomers. With the abundance and easy access to financial information that Gen Z has today compared to what boomers, Gen X, and millennials had back in their times, it's easy to understand why. Already, Gen Z is ahead of Gen X and millennials when it comes to ownership. They're investing earlier than previous generations. They're simply more optimistic of the future than previous generations.

It's important to note that while millennials grew up graduating around the 2008 financial crisis times, they've also witnessed the tech bubble burst of 2001. To them, growing up, stocks didn't always go up. When stocks plunged, the plunges were painful. For Gen Z, they had a minor memory of the 2008 financial crisis and some have graduated through the COVID times. Since stocks have basically kept going up throughout most of their life, they feel more comfortable investing in stocks and buying real estate than previous generations. Only time will tell when Gen Z will learn that stocks don't always go up, that they can stagnate like the Chinese or European stock markets. For now, I'm happy that Gen Z is making advances in their financial well-being so that they can afford to date and start families sooner.