Search
 

Who's increasing their retirement savings contributions this year?

Every age group under age 63 is more likely to have increased, rather than decreased, how much theyre saving for retirement -- but younger millennials are leading the pack.

By Marlene Y. Satter | Updated on August 15, 2017
Every age group under age 63 is more likely to have increased, rather than decreased, how much they’re saving for retirement -- but younger millennials are leading the pack. (Photo: Getty)

Millennials are outpacing other age groups when it comes to saving for retirement, with younger millennials saving the most.

That’s according to a report from Bankrate.com, which says that even though 23 percent of working Americans increased retirement savings contributions this year, compared with 2016—the highest reading in six years of polling—another 16 percent say they’ve cut their contributions instead.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 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.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.