1 in 5 Employees Is Missing Out on Free Money
Everyone loves free money, and most people do everything they can to get as much of it as possible. But there's one thing roughly 20% of people fail to do that could earn them tens of thousands of extra dollars over the course of your career.
When it comes to 401(k) plans, many employees aren't doing enough. In fact, only about 60% of millennials are taking advantage of their company's 401(k) plan, according to a report by Wells Fargo, and Gen Xers and Boomers have only slightly higher participation rates of 63% and 66%, respectively.
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Source: Fool.com