They may be coping with financial handicaps that include high levels of student debt and low levels of pay, but that doesn't mean millennials mean to devote all their years to the workforce.
In fact, they're already planning not just to retire, but to retire early.
That's according to HSBC's latest Future of Retirement research, which finds that they plan to be out of the workforce by age 58, and are already saving for retirement—80 percent say so—and planning to cut their expenses to save more (75 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.
