Millennials are coming up short when it comes to retirement savings; in fact, according to a new survey, they're pretty clueless about finances.
The annual Retirement Readiness survey, conducted in March by Harris Poll for digital advice firm Personal Capital, found that not only do 40 percent of millennials lack even a single retirement savings account, 73 percent have no idea of their own net worth.
Ironically, 34 percent of millennials say they feel hopeful—more than any other emotion—when they review their retirement savings account balances.
Continue Reading for Free
Register and gain access to:
- 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.
