Millennials face retirement challenges due to policy changes and debt

cnbc.com

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.


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