Many Gen Z employees today are choosing not to participate in their workplace 401(k) retirement plans, and this decision could seriously affect their future financial security. By not enrolling, they miss out on significant benefits, especially when their employers offer matching contributions. Over a person's career, these lost contributions can add up to potentially hundreds of thousands of dollars. At a time when expenses like housing and groceries are rising and the overall economy is uncertain due to shifting trade situations, it is more important than ever for young workers to take control of their retirement savings early on.

Ray Dalio, a prominent hedge fund manager, has recently warned about a potential recession due to rising global tensions and uncertain trade policies. Dalio explained that increasing tariffs imposed by the U.S., along with weakening international cooperation, have created instability in global markets. This uncertainty has heightened fears among investors and ordinary consumers, leading to high inflation and a fragile economy. Dalio's comments underline concerns that continued geopolitical conflicts and trade disruptions could push the global economy into a serious downturn unless swift action is taken.