In fact, half of investors between the ages of 18 and 24 are currently saving for retirement, with almost another third of them (30%) saying they plan to begin such saving in the near future, a recent survey says.
According to the survey by YOUNG MONEY magazine, America’s young investors are far more interested in saving for their retirement (32%) than in saving for a house or a car (7%), saving for college (3%), or paying off debts (1.4%).
Of those in the online poll who said retirement was their number one goal, 56% were women.
In addition to being aware of their need to save for retirement, these young adults also seem aware of the need to be financially savvy now: about half of the 1,000 respondents, with an average annual salary of $45,000, follow a budget.