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Are Millennials Missing the Magic of Compounding?
While some reports indicate that a portion of the millennial generation–those with birth dates from the early 1980s to the mid-1990s to early 2000s–have an understanding of the importance of retirement savings, a new study by Earnest, Amino and Ipsos draws a different conclusion.From comments like “‘I’ll get to retirement savings later,” and “I have all the time in the world,” it appears that a sizeable segment of this population cohort may see it differently. Check out this www.cnbc.com article by Make It’s Kathleen Elkins for more on this subject…