Millennials are starting to save early for retirement, but they're not saving enough.
That's according to a survey by the Principal Financial Group that found that while 63 percent of millennials polled started saving for retirement before the age of 25, only 30 percent are saving 10 percent or more in an employer-sponsored retirement plan.
That's despite the fact that 74 percent said they believed they should save more than 10 percent.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
