How to prepare for retirement: Investing tips for Gen Z workers

Wondering how to invest while dealing with roadblocks like the inflation rate and reduced income? Here are some investing tips for Gen Z workers.

, nearly one in three Gen Z workers are not actively saving for retirement.

The move could ultimately cost them hundreds of thousands in retirement savings, but inflation, higher costs of living and reduced income can be challenging factors.Still, experts say you can still save, even if it's a small amount. For example, a 22-year-old worker who starts investing about $5,000 in a 401k or similar investment, with about an 8% return, could end up with almost $1.3 million at age 62.

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