Millennials are not only saving for retirement at an earlier age than their parent’s generation, but they are also saving more aggressively.
This generation (born after 1978) started saving at a median age of 22, more than a decade earlier than their Baby Boomer parents and five years before Gen Xers, a survey from the nonprofit Transamerica Center for Retirement Studies found.
Among Millennials who are being offered a 401(k) plan, 71% are participating in their employer’s plan — socking away a median 8% of their annual salary, the survey of more than 4,000 workers found.
Chosen excerpts by Job Market Monitor. Read the whole story at Millennials are saving for retirement at a much earlier age – May. 2, 2014.
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Job Market Monitor 
Reblogged this on TGM Millennials.
Posted by The Generation Me | May 3, 2014, 2:53 pm