Millennial women have a difficult relationship with money — particularly when it comes to retirement.
That's according to a white paper from T. Rowe Price's retirement plan services division, which looked at how millennial women's saving, spending, and owing habits stack up against their peers. And the results don't bode well for retirement, but it's not for lack of trying.
While millennials as a whole say they should be saving 9 percent of their income, but many simply can't afford to set that much aside — thanks to student loans and other debt, coupled with lower salaries. But women in particular in this age group are falling behind when it comes to putting money away for the future.
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.