retirement: Two-thirds of millennials have nothing saved for retirement, according to the National Institute for Retirement Studies, and 95% are not properly saving, according to Market Watch. Critics say these young people, who are in their mid-20s to mid-30s, would rather drop all their money on lattes and avocado toast instead of funding a retirement account or a home down payment. But maybe it doesn't need to be so hard. They're also called entitled and lazy. They're not completely wrong, considering student debt is at a record 1.56 trillion in the country and rents and mortgages are getting more expensive. The generation argues, however, they're not as well-off as their parents were at their age, and they can't save for retirement because they have too many other financial obligations.
(news.financializer.com). As
reported in the news.
Tagged under retirement, re topics.