More than one-third of millennials believe they won’t get a dime of Social Security when they retire, so they’re taking matters into their own hands

https://creditnews.com/economy/millennials-are-more-retirement-ready-than-their-parents-vanguard/?

cross-posted from: https://lemm.ee/post/10563312

Of all generational cohorts, older millennials are most likely to generate enough income to retire comfortably, according to the latest Vanguard Retirement Readiness report.

Specifically, millennials aged 37-41 have the greatest chance of landing a comfortable retirement.

31 points · 5 comments · view on lemmy.world

5 Comments

yenahmik@lemmy.world · 13 pts · 2y (4 replies)

While I believe Social Security will still exist, I definitely fall into the category of millennial on track for a comfortable retirement.

It's good to see that so many people are saving for retirement, given how often you see news about how low people's savings are.

Coasting0942@reddthat.com · 10 pts · 2y (1 reply)

Don’t worry. The rich will pass tax increases for your savings withdrawals for bailout 2050.

UBWare@lemmy.world · 2 pts · 2y

I would think those who are well off would be in favor of lower taxes though?

hellyeahgococks@fanaticus.social · 2 pts · 2y (1 reply)

What is your age, retirement savings, and target retirement age?

yenahmik@lemmy.world · 3 pts · 2y

Mid-30s, >$425k, ideally 40 but that could change based on if I have kids. I will certainly be more than set by standard retirement age.