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Employer Retirement Plans Help Millennials with Savings Goals |
More than three in four Millennial workers with access to an employer-sponsored retirement plan make consistent contributions from their paycheck to the retirement plan or to a savings account, compared with 43% of those without access to an employer-sponsored plan.
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Millennials' Other Financial Goals Compete with Retirement Savings |
Generally speaking, Millennials tend to invest for a variety of reasons. The No. 1 reason Millennials invest is to have an emergency/rainy day fund. But, when asked how long their current emergency fund would last if they lost their job, most Millennials would be ill-prepared.
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The Auto-Savings Generation |
Millennials saving for retirement are bucking reports of savings insufficiency and equity aversion, according to a white paper published by Vanguard researchers.
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Bankrate Measures Big Jump in Millennials' Savings |
Millennials are saving more money than any other age group, with 62% stating they are saving more than 5% of their incomes, according to a Bankrate.com survey.
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Northwestern Mutual Debunks Millennials’ Money Misconceptions |
Financial literacy can be an intimidating topic for anyone, let alone for individuals who are just starting out in life, like Millennials,” says Emily Holbrook, young personal market director for Northwestern Mutual.
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