With an ocean of resources, investors are surfing their way to confidence

investmentnews.com:

More than 60 percent of Americans believe they are better positioned to achieve their financial goals compared to previous generations, according to Schwab’s eighth annual Modern Wealth Survey.

This optimism was notably strong among Boomers, with 66 percent expressing confidence in their financial futures, closely followed by Gen X at 63 percent, Millennials at 62 percent, and Gen Z at 60 percent.

Schwab’s survey revealed that Americans attribute their improved financial standing to various factors, including more ways to build wealth (50 percent), increased accessibility to investing (46 percent), and a broader range of investment options (46 percent).

Gen Z investors in particular cited improved access to investing as the primary reason for their financial confidence. This generation, starting with those born in the late 1990s, began saving and investing at an average age of 19, significantly earlier than Boomers, who started at 35.

“It’s a very positive sign to see that more Americans than ever before are engaged with their personal finances and taking steps to build long-term wealth, in particular younger generations who are getting started with saving and investing earlier in their lives,” Jonathan Craig, head of investor services at Charles Schwab said in a statement.

The survey indicates that nearly 70 percent of Americans are confident in their investment strategy, pointing to the availability of financial advice and knowledge (51 percent) and the ability to easily research companies and investments (37 percent) as the top reasons for this confidence.

Gen Z confidence levels topped the charts at 71 percent, with early financial education being a significant factor. Over a quarter of Gen Z respondents reported