millennials
For many, the road to retirement is paved with uncertainties. This is particularly true for Generations X and Y. Caught between the Boomer behemoth and the enigmatic Zoomers — these generations face unique challenges. In contrast to their predecessors who rode the wave of economic prosperity, Gen X and Y encounter choppy waters: stagnant wages, rising healthcare costs, and unstable job markets. This blog post, however, delves into the specific challenges these generations face and offers practical strategies for navigating toward financial security. The Generation X SandwichAs a generation bor...
Due
Is it a surprise that we Millennials are scared of retirement? Not only did we survive the Great Recession and a once-in-a-lifetime pandemic, but we’re also buried under debt. Moreover, unlike previous generations, traditional pathways to wealth, such as homeownership, are increasingly out of reach. On top of that, we don’t have access to pensions or quality retirement plans from employers. And there’s a chance that Social Security won’t be there. Despite all of these challenges, we still want to retire by 50. Is that actually possible, though? It could be if you start prepping for retirement ...
Due
Retirement can be a dream for one and a nightmare for another. People treat retirement differently, depending on their requirements and circumstances. While some feel retirement is the time to pack up bags and travel or commit to hobbies they have long paused for, others feel retirement is not the right option. There may be various reasons behind pushing away retirement: I need the money, I love what I am doing, I can’t imagine myself not doing anything, etc. The recent trend indicates that most seniors are reluctant to retire, and some decide to stay on course past retirement, while others ch...
Due
We financial millennials have the punchline for Boomers for way too long. But, guess what? When it comes to saving money? We’re on fire. According toa study by Charles Schwab, millennials save significantly more for retirement than Baby Boomers. Unlike their parents, this younger generation has started saving money as early as their mid-20s. In addition, millennials ranked higher than Generation X-ers on the Retirement Preparedness Scale largely due to an increase in their savings rate from 7.5% to 9.7% in the past two years. Their 401(k) balances are also higher than those of Gen Xers, accord...
Due
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら