Tag: marriage patterns of millennials

3 young co-workers chatting on a balcony

Picture was improving, but Millennials still far behind earlier cohorts in saving for retirement. The Federal Reserve’s 2019 Survey of Consumer Finances (SCF) offers an opportunity to reassess the outlook for Millennials just prior to the pandemic. Millennials – defined here as those born during 1981-99 – are unique in several ways.  They are t…

Closeup of young couple holding hands and sitting outdoors on a beautiful sunny day

Participation and contributions increase slightly after marriage, but impact on holdings at 65 is small. The Center for Retirement Research just published a second study on how family circumstances affect contributions to 401(k) plans.  The first, as reported a few weeks ago, showed that a 401(k) contributor in a two-earner couple with only one saver…