It's not surprising that the youngest generation of workers has saved the least toward retirement. But what is startling-and worrisome-is the fact that the savings rate for this group has fallen significantly in the past decade.
According to EBRI's 2011 Retirement Confidence Survey, 58% of employees ages 25-34 say they have started saving for retirement. That sounds good, until you hear that in 2001, the number was 65%.
Register or login for access to this item and much more
All Employee Benefit Adviser content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access