Millennials face retirement challenges due to policy changes and debt

CNBC February 9, 2024, 05:00 PM UTC

Summary: Millennials face a challenging retirement outlook due to policy changes, longer lifespans, and student debt. A 2022 study projects 38% of early millennials will have inadequate retirement income at age 70, compared to 28-30% of early and late boomers. Millennials' net wealth is lower than previous generations due to student loans. However, higher education and 401(k) enhancements offer hope. Experts advise increasing retirement savings incrementally.

Full article

Article metrics
Significance6.0
Scale7.0
Magnitude7.5
Potential8.0
Novelty6.0
Actionability8.5
Immediacy7.0
Positivity4.0
Credibility9.0