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February 8, 2018

Will Millennials Be Ready for Retirement?- Research Repor


The Center for Retirement Research at Boston College published research report titled : Will Millennials Be Ready for Retirement?

Authored by : by Alicia H. Munnell and Wenliang Hou

“The brief’s key findings are:

  • Millennials – despite high education levels – are behind previous cohorts on many indicators that help boost retirement preparedness.
  • Having entered the labor market in tough times, Millennials have lower wages and fewer fringe benefits than Gen-Xers and late Baby Boomers did as young adults.
  • This difficult start, combined with high levels of student debt, has delayed them from getting married and buying a home.
  • Not surprisingly, then, Millennials have less wealth than previous cohorts, even though they will need more due to longer lifespans and reduced Social Security.
  • The one piece of good news is that retirement is still a long way off, so they have time to get back on track.”

Click here for the full brief and link to the data.



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