Tag: retirement preparedness
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…
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…
