05.16.22
Steeled by Crises, Millennials Ready for Retirement Challenges
by: Gregg Greenberg
Two recent studies show that Millennials have been planning for retirement, despite stereotypes suggesting otherwise. According to the seventh annual Nationwide Retirement Institute Advisor Authority study, 60% of Millennials with investible assets of $100,000 or more said they’re confident about their ability to prepare for and live in retirement based on their experiences living through the 2008 financial crisis (23%) and the 2020 global pandemic (33%). A separate study on generational retirement beliefs released by Natixis earlier this month showed that 75% of U.S. Millennials surveyed employ a professional financial advisor, a higher percentage than either Generation X (67%) or Baby Boomers (70%).
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