Filed Under:Markets, Gen X Y

Millennials (with jobs) are super saving their way to retirement

Employed Millennials know how to save.
Employed Millennials know how to save.
Much criticism has been laid upon the generation that ranges in age from 18 to 33 years. Millennials have been called lazy, devoid of social skills, addicted to technology and narcissistic. But Millennails have also been called smart. And this piece from Time magazine shows just how deceptively smart they may be. 

These "retirement super savers" are benefitting from the widespread adoption of 401(k) auto enrollment, automatic contribution hikes and target date funds. And some 70 percent of Millennials started saving for retirement at only 22. 
—Emily Holbrook
Young adults are outpacing baby boomers and Gen X when comes to getting a head start on their 401(k)s.

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