YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
A study published by NerdWallet found millennial parents ages 18-34 are set to save more than other generations.
According to the study, millennial parents are contributing a median 10 percent of their annual income toward retirement.
Comparatively, Generation X parents ages 35-54 are contributing a median 8 percent, and baby boomer parents ages 55 and older are contributing a median of 5 percent.
At this rate, millennial parents could retire with over $1 million more than baby boomers and $400,000 more than Generation X parents.
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