A new study by Prudential Retirement shows that the Millennial generation is highly motivated to save for retirement and would plan ahead if they knew more about retirement benefit options from their employers.
More than 32 million Millennials—those born in 1991 or later—are in the American workforce and 83 percent say that seeing what can happen to people who don't save enough for retirement makes them want to save more.
"Our research dispels the myth that Millennial workers don't care about preparing for retirement," said George Castineiras, senior vice president of Total Retirement Solutions. "Saving for retirement ranks highly in this generation's list of financial priorities and we are encouraged that these younger workers are taking responsibility for their future."
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