Workers with the most time to prepare for retirement are the most stressed about their abilility to adequately save between now and their golden years, according to the most recent Merrill Edge report.
Gen Xers and millennials were more likely to anticipate saving shortfalls than were baby boomers and those already retired.
The survey examined savers with $50,000 to $250,000 in investable assets. Among the cohort, 74 percent of Gen Xers and 67 percent of millennials are predicting financial stress in retirement, given how much they are saving now.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
