Will Millennials be ready for retirement?

Munnell, Alicia Haydock, and Wenliang Hou. “Will Millennials be ready for retirement?”. Issue in Brief 18-2, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, January 2018. http://hdl.handle.net/2345/bc-ir:107907.
PREVIEW Datastream
PDF

Abstract

The brief's key findings are: (1) Millennials -- despite high education levels -- are behind previous cohorts on many indicators that help boost retirement preparedness. (2) Having entered the labor market in tough times, Millennials have lower wages and fewer fringe benefits than Gen-Xers and late Baby Boomers did as young adults. (3) This difficult start, combined with high levels of student debt, has delayed them from getting married and buying a home. (4) Not surprisingly, then, Millennials have less wealth than previous cohorts, even though they will need more due to longer lifespans and reduced Social Security. (5) The one piece of good news is that retirement is still a long way off, so they have time to get back on track.

Title
Will Millennials be ready for retirement?
Author
Munnell, Alicia Haydock
Hou, Wenliang
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
January 2018
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
18-2
Persistent Link
http://hdl.handle.net/2345/bc-ir:107907
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing Retirement

My Bookmarks

Bookmarks: