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Millennials Are Actually Investing In Retirement Options Early In Careers
Contrary to popular belief, Millennials are in fact taking advantage of retirement savings options early in their careers and at a higher rate than in the past, according to the latest Bank of America BAC -0.12%Merrill Lynch 401(k) Wellness Scorecard. While Millennials are typically depicted as unprepared for the future, Bank of America Merrill Lynch’s survey found that employees aged 18 to 33 are enrolling in defined contribution plans faster than other generations, suggesting they do, indeed, “understand and appreciate the need to save for their future.”
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