Millennials Already Planning For Retirement: Nationwide Study
Millennials are already preparing for retirement, a new survey finds.
Coming of age in the wake of 9/11, the Market Crash of 2008 and the Great Recession has impacted Millennials financial concerns, investing habits, and future earnings potential.
Add a global pandemic during their prime earning years, and it s no wonder Millennial investors financial optimism declined 24 percentage points to 38% in 2020, from 62% in 2019. Yet, after weathering two once-in-a-lifetime financial crises, Millennials are clearly bucking the slacker perception, with 81% saying that they have a plan to protect themselves against outliving their savings, while 71% have a strategy to protect their assets against market risk.