Who Will Retire Better?
Money Magazine says, “
Millennials are really good at saving money – especially if they have kids.
In fact, US millennial parents are on tract to be richer in retirement than the typical Gen-Xer or baby boomer with kids.
That’s according to a new NerdWallet study, which found employed millennial parents (aged 18 to 34) are contributing a median of 10% of their income to retirement savings.
Generation X (aged 35 to 54) is saving 8% of their income and working baby boomers (55 and older) are socking away just 5%. Read the rest of what “Money” has put together on this topic.
From Money Magazine’s Online Article By: