A new report finds a deeply troubling retirement outlook for the Millennial generation. Most Millennials have nothing saved for retirement, and those who are saving aren’t saving nearly enough. The report indicates that many factors are contributing to this generation’s retirement savings challenges – from depressed wages to the lack of eligibility to participate in employer retirement plans.
More specifically, the analysis finds that 66 percent of working Millennials have nothing saved for retirement, and the situation is far worse for working Millennial Latinos. Some 83 percent of Latinos in this generation have nothing saved for retirement.
Debunking the Job-Hopping Myth: A Data-Driven Look at Tenure and Turnover Among Younger Workers
Contrary to popular belief that Millennials and Generation Z employees are constantly switching jobs, new research from the National Institute on Retirement Security finds that younger workers today show job retention patterns that closely mirror previous generations at the same stage of their careers.
Views of Retirement in America by Political Party Affiliation
Despite deep polarization across the U.S., a research brief from the National Institute on Retirement Security finds common ground when it comes to Americans’ support for Social Security and defined benefit pension plans. At the same time, Views of Retirement in America by Political Party Affiliation finds Americans across party lines are worried about retirement. […]
Retirement Insecurity 2024: Americans’ Views of Retirement
This national opinion research finds 83% of Americans believe all workers should have a pension, 79% say the nation faces a retirement crisis, and they want action now on Social Security.
Closing the Gap: The Role of Public Pensions in Reducing Retirement Inequality
Closing the Gap: The Role of Public Pensions in Reducing Retirement Inequality finds that defined benefit pensions play a critical role in delivering adequate retirement income for older Americans while providing a key buffer against economic hardship for women, Blacks, Latinos, and those without a four-year college degree. The report also finds that the wealth […]
