Millennials

Generation X Expresses Doubt In a Dream Retirement

By Amanda Umpierrez Source: 401(k) Specialist Generation X workers are increasingly doubting their ability to achieve a dream retirement in the future. Latest findings from Schroders’ 2023 U.S. Retirement Survey found that non-retired Americans between the ages of 43 and 58 face shortcomings with their future retirement income. On average, respondents said they would be comfortable with $1,112,183 in retirement savings, yet they expect to have just $661,013 saved—the largest gap of the three age groups surveyed. Millennials (ages [...]

CORPaTH2023-12-15T10:54:45-08:00December 15th, 2023|Categories: Retirement|Tags: Generation X, Millennials, retirement|

Millennials Surpass Older Workers with Retirement Savings

By Amanda Umpierrez Source: 401K Specialist Despite facing financial retirement planning hurdles, Millennials are coming out on top with their retirement savings. That’s the latest finding from Vanguard’s newest Retirement Readiness report, released today, which finds Millennials workers are set to replace 58% of their prior earnings during retirement, and eight percentage points over what was estimated for Baby Boomers. Using its new forecasting tool, the Vanguard Retirement Readiness Model (VRMM), Vanguard divides its cohorts into three generations: early [...]

CORPaTH2023-10-06T15:46:57-07:00October 3rd, 2023|Categories: Retirement|Tags: Millennials, retirement income|

Baby boomers more pessimistic about future generations’ retirement outlook

By Margarida Correia Source: Pensions & Investments Baby boomers are not optimistic about the retirement prospects of future generations, according to a survey released Thursday by non-profit Transamerica Center for Retirement Studies. More than half, 55%, believe that future retirees will be worse off than those currently in retirement, the survey found. The pessimism eased among younger workers. Only 28% of Generation Z and 33% of millennials saw future retirees as being worse off. A little more than half [...]

CORPaTH2023-07-06T11:08:41-07:00July 6th, 2023|Categories: Retirement|Tags: Baby Boomers, gen z, gen-x, Millennials|

Are Millennials on Track for a Secure Retirement?

By Ed McCarthy Source: Plan Sponsor Millennials — those born between 1981 and 1996 — are now the largest demographic group by age in the U.S. The oldest Millennials have reached age 41, which lands them in the decade when adequate retirement savings become more important. So how well are they doing with their retirement plans? Multiple Challenges Angie O’Leary, head of wealth planning with RBC Wealth Management–U.S. in Minneapolis-St. Paul, says that Millennials have multiple financial worries that can create [...]

CORPaTH2022-06-07T13:56:44-07:00June 7th, 2022|Categories: Retirement|Tags: Millennials, secure retirement|

Why millennials will win Trump’s war on socially responsible investing

The United States Department of Labor (DOL) spent the summer declaring war on socially responsible investing. Under current Labor Secretary Eugene Scalia, DOL took two huge steps to crush so-called “ESG” — environmental, social, and governance investing. The first, smaller, mostly procedural step took place in June with a move that would sharply increase the paperwork and regulatory burdens on ESG investors. The second, more brazen step took place just before Labor Day, when DOL proposed a rule change designed [...]

CORPaTH2020-10-28T09:42:08-07:00October 28th, 2020|Categories: Socially Responsible Investment|Tags: dept of labor, Millennials|