Tag: retirement preparedness
The brief’s key findings are: Millennials – despite high education levels – are behind previous cohorts on many indicators that help boost retirement preparedness. Having entered the labor market in tough times, Millennials have lower wages and fewer fringe benefits than Gen-Xers and late Baby Boomers did as young adults. This difficult start, combined wit…
And, unfortunately, more than half are not prepared. In a recent study we used the National Retirement Risk Index (NRRI), which measures the percentage of working-age households who are “at risk” of being financially unprepared for retirement, to see whether people know if they are at risk. The NRRI calculates for each of today’s working…
