Morning Report: Saving for retirement has made a dramatic shift

Vanguard reveals that a rising number of us workers of all ages enrolling in savings plans. The U.S. saw significantly more millennial and Gen Z workers contributing to their savings or retirement plans in 2021 than compared to 2006. The increase can be attributed to automatic 401k contributions. Workers in the U.S. are also putting away 40 percent more than they were in 2006, even with inflation costs accounted for.

Job openings in the U.S. tumbled below 10 million in February for the first time in nearly two years. Professional and business services saw a slide of 278 thousand job openings on the month to lead decliners.

Stocks fell, Tuesday with the DOW down nearly 200 points.
All the indexes declined by about a half percent.

Samsung is unveiling its new lineup of TV and one of them measure at 98 inches. The new QLED and OLED TVs can connect to the internet and devices from other brands. The 8-K TVs use artificial intelligence to convert non high def video into 8-K. Samsung also has enlisted Martha Stewart, actress Rosario Dawson, and NFL player Carl Nassib to help them promote the new line up of TVs.

Gen Z is more likely than any other generation choose spending money on their pet over using it to go on vacation. In fact, 41 percent of Gen Zers are more likely to spend 100 dollars on their pet than on their partner. A survey by OnePoll, conducted on behalf of Synchrony, found that half of baby boomers spend less than 150 dollars each month on basic pet expenses.