By: WTHR Staff – wthr.com – August 13, 2018
Two-thirds of Millennial-Americans, between the ages of 21 to 32, have nothing saved up for retirement.
The National Institute of Retirement conducted the study that shows 66 percent of Millennials aren’t saving, which means only a third are.
However, they aren’t doing a great job.
More than 80 percent of Millennials who are saving, aren’t saving enough.
Just 14 percent have adequate retirement savings. That’s estimated based on around 15 percent or more of ‘take-home’ pay.
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Source: New study shows Millennials aren’t saving enough money or nothing for retirement