X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
two people silhouetted by setting sun (Photo: Shutterstock)

Younger generations are realistic about the amount of money they will need to fund a comfortable retirement. However, many are falling short in saving enough each month to meet their objective.

“On average, our respondents estimate they need about $1.8 million in retirement savings,” according to a recent Capitalize survey. “However, the average monthly amount contributed to retirement accounts is only $448, which isn’t enough for most. A shortfall in retirement savings also may be why one-third of Gen Zers and millennials surveyed plan to work past their traditional retirement age or why more than half rely on cryptocurrencies to boost their nest egg.”

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?

 

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 © 2022 ALM Global, LLC. All Rights Reserved.