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The pandemic has placed more financial stress on Gen Z and millennials than other generations.
"Gen Z workers are just starting their careers at a time of upheaval at home and in the workplace — from new health and safety challenges to the rapid expansion of virtual offices and dramatic swings in our economy and markets," said Catherine Golladay, head of Schwab Workplace Financial Services. "It's a stressful environment, and young people are looking to their employers for support. The labor market is tight, and companies have an opportunity to attract and retain talent by providing tools and resources that help workers manage their money."
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