CNN Money covers research that finds Millennials face an uphill climb when it comes to saving for retirement.
“If they are saving, it’s likely their employer offers a retirement plan, like a 401(k). More than 94% of Millennials who are eligible for a workplace retirement plan are saving. That’s about the same participation rate as older generations.
But Millennial workers in particular often find they don’t meet the eligibility requirements for a 401(k) even if their employer offers one. Sometimes they don’t work enough hours, or employers require them to work for a certain amount of time before they qualify.”
Read the full article here: http://money.cnn.com/2018/03/07/retirement/millennial-retirement-savings/index.html