Millenials
Baby Boomers lack of retirement savings
Baby boomers have changed the face of the U.S. population for more than 70 years and continue to do so as more enter their senior years. According to a recent study, over half of boomers have little saved for retirement…
For Millennials: Here’s What You Need to Know About the Social Security Solvency Dilemma
It’s getting a fair amount of publicity these days, and that’s expected to continue growing as the slow-moving train wreck head toward the point of insolvency–in less than a decade. The Millennial cohort–generally considered to encompass those born from the…
The Growing State of Apprehension About Retirement
In the midst of growing accounts of Social Security’s rapidly evolving reserve fund depletion, there’s a curious mindset developing with respect to how future retirees view their post-career financing picture. To be specific, Financial Advisor IQ’s Alex Padalka, in a…
Millennials won’t rely on Social Security. That’s probably a good thing.
Megan Leonhardt of CNBC reports the findings of recent studies showing that Millennials (born between 1981 and 1997) are not planning to rely on Social Security to fund their retirements. If only all generations thought that way. Social Security is an…
Make Social Security “Hip” with Millenials
Survey after survey reveals that Millennials are resigned to the idea that Social Security, as we know it, might not be there during their retirement. As Jamie Hopkins, professor of retirement planning at The American College of Financial Services, points out in…
The young are spending. But are they saving too?
With Social Security replacing just 40 percent of pre-retirement income and pensions going the way of the dodo bird, one would assume young people to be hoarding their pennies to make up the difference to have a secure retirement. But that…
Many GenXers & Millenials Not Counting on Social Security
PGIM Investments is out with survey results on what Millenials (born 1981-1996) and Generation X (born 1960-1980) think about Social Security, retirement saving, and work. Just 70% of Gen Xers and 51% of Millennials expect Social Security benefits when they retire. Alarmingly, one-third…