Millennials’ already stretched finances could face a new stress: slower growth of the U.S. economy. Compared with their parents, today’s younger workers may need to save more of their income for retirement, according to a new NerdWallet report. A number of analysts predict that the continuing pattern of slower growth that has taken hold since the Great Recession could cause stock market returns to fall from 7%, the annual average since about 1950, to a possible 5% in the decades to come.Read more on NewsOK.com
Similar Stories to Millennials’ Retirement Savings Goal Could Change In Slower Economy on Bing News
NewsOK.com RSS - business, Daily Oklahoman: Business
Fri, 09/30/2016 - 12:49pm
BING NEWS:
- Workers Today May Be Making This Retirement Savings Mistake
Data from Northwestern Mutual finds that the average age for workers today to start funding a retirement plan is 31. While that's not terribly late to start retirement savings, waiting until your 30s ...
05/1/2024 - 11:36 pm | View Link - Americans adjust retirement goals up 15 percent but savings drop: survey
"Inflation is expanding our expectations for retirement savings, and putting the pressure on to plan ... the survey said. Despite the bigger goal, this generation of U.S. adults plan to retire by age ...
05/1/2024 - 12:55 pm | View Link - Americans adjust retirement goals up 15% but savings drop: survey
U.S. adults believe they will need at least $1.46 million to retire in style, a Northwestern Mutual survey said.
04/30/2024 - 7:57 am | View Link - China faces a reckoning as disillusioned Gen Z and millennial workers refuse to save for retirement: report
For some, that has led them to refuse to save for retirement entirely ... many Chinese people may need to rely on private pension savings due to the pension shortfall. The government has ...
04/4/2024 - 11:48 pm | View Link - 7 Things Millennials Must Do Now To Retire at 62
The numbers might change over time ... Now, multiply your annual expense by 25x to come up with your retirement savings goal,” said Emily Luk, CFA, CPA, and co-founder of Plenty.
03/30/2024 - 11:00 pm | View Link - More
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