Tag: millennials' saving

Two young business people working at a desktop computer

The brief’s key findings are: A prior CRR study found that, in 2016, Millennials lagged behind Gen Xers and Late Boomers in retirement preparedness. New data for 2019 show that Millennials are catching up in the labor market and in getting married and buying houses. However, despite also having similar retirement saving, Millennials’ huge student…

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Is $6,933 the new goal for 22-37-year-olds? A recent New York Times op-ed argued that the Millennial generation, contrary to popular reports, “gets a gold star for retirement preparedness.”  This argument was based on comparing 401(k) holdings at ages 22-37 of $6,933 for Millennials to $3,970 for Gen Xers.   I would be delighted if…