Millennials and Saving for Retirement

At some point, Millennials will take a lead role in shaping our economy. And many of those Millennials — a whopping 41% — haven’t begun to save for retirement according to Wells Fargo Investment Institute’s generational research report.

Student debt is identified as a major financial issue for Millennials. Over 1/3 have student debt, with a median balance of nearly $20,000. And 2/3 of those with debt say it is unmanageable.

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Nearly half of millennials haven’t starting saving for retirement: Wells Fargo
Thomas Franck, August 30, 2017