9% of Millennials Have Made Great Progress on Their Retirement Savings – but Most Still Have Work to Do
Millennials tend to get a bad rap on the savings front, and that includes retirement. And to some extent, it makes sense that younger adults would lag on the latter. Those in their late teens, 20s, and early 30s are decades away from their golden years, and as such, may not be so quick to prioritize their nest eggs.
Still, some millennials are doing a fantastic job of building long-term savings. An impressive 9% of U.S. adults aged 18 to 34 say they've already socked away $300,000 or more for retirement, according to a GOBankingRates survey. On the other hand, 18% of millennials have $0 saved, while 39% say they have less than $10,000 set aside for their golden years.
If you're in the early stages of your career, it pays to capitalize on the opportunity to build wealth for retirement. And the sooner you start, the more impressive a nest egg you're likely to accumulate.
Quelle Fool.com