Is Our Youth Finally Learning?
Market Watch, October 24th, 2013
In today’s high expense society, an alarming percentage of seniors are having a difficult time transitioning into their retirement years, financially speaking. More and more are struggling to make ends meet on their 401K’s and Social Security alone. And while many people in this age bracket like to talk about the “ignorance of youth,” is it possible that our younger generations are taking notice of the struggles they see their parents and grandparents are going through? And beyond that, is it conceivable that they are actually taking pro-active steps to make sure they don’t face the same hardships?
A new study conducted by Wells Fargo & Co. says yes. While 75% of people in their 40’s and 50’s are saying they regret that they have not started saving for retirement sooner, 34% of people in their 30’s stated that they already have a written retirement plan in place. A pretty impressive number when compared to the 24% of those in their 40’s. Read the article at the link below to read more about how our young people seem to be wising up to the need to plan ahead.