Lower employment, marriage, and home ownership among Millennials expected to cause more retirement insecurity, explain researchers Richard Johnson and Karen Smith of the Urban Institute via Plansponsor. …Read More
Millennials face an uphill financial climb as they save for retirement and make other money decisions. Creative solutions via varied tools and channels may help, explains Surya Kolluri via the RetireSecure Blog.…Read More
Millennial and Gen Z adults lagged behind in retirement savings even before the pandemic, but after the past year’s economic hardships, many are now more committed to putting their finances in order, writes Jeanne de Cervens at the RetireSecure blog.…Read More
Millennials should save 40% of paychecks to retire at 65, says Olivia S. Mitchell of Wharton, but only 1 in 5 save more than 15%. Read more here.
“Work longer, save more, and expect less!” Facing lower expected returns, Millennials must save more of their paychecks for retirement than did their parents and grandparents, states Wharton’s Olivia S. Mitchell to ConsumerAffairs. Read here.
To retire at age 65, Millennials must save nearly half their paychecks. Even if that’s impossible, there are still steps you can take to improve your retirement security, Wharton’s Olivia S. Mitchell explains to Megan Leonhardt of CNBC Make It. Read it here.
Millennials – people born 1981-2001 – are a force to be reckoned with. Millennials, all 75 million of them, grew up in the midst of our country’s greatest financial crisis. The roles the Millennial generation now play – and will play – as consumers, workers, educators, and future leaders is what makes this group so interesting.…Read More
