…bat because another millennial at work told him “do it now, it’s worth it down the road.” Smart millennials! Millennials often face some significant financial challenges. They’re graduating with more student loan debt than any other generation. And, even though many of them say they…
…them have done. Why do millennials change jobs so frequently? Millennials want opportunity – they want a career path and job enrichment. It’s also very important to millennials that they like and enjoy their job. I’ve seen this firsthand from the millennial generation at home…
We’re pleased to introduce the latest in our Pentegra SmartPath™ Thought Leadership Series: The Millennial SmartPath™, an exclusive report detailing best practices and strategies for millennials to help improve retirement readiness and overall financial wellness. Millennials, also known as Gen Y, are perhaps not surprisingly…
…savings industry professionals (not to mention Millennials’ parents). On the HR side, however, the picture was different. Our HR respondents were asked to rank 15 benefits categories in terms of what Millennial interviewees are most interested in. The top categories were “Health Insurance,” which 63.64…
…of course exceptions to every rule, but the first Pentegra Millennial Savings Survey conducted in 2017, while showing some surprisingly encouraging trends, also included some results that unfortunately back up the pervasive Millennial stereotype. To be fair, our findings did include some heartening signs. Over…
Millennials see their career trajectory and retirement differently than previous generations. Today’s growing workforce doesn’t fit traditional patterns, and it is clear that this generation will view retirement benefits from a less traditional perspective as well. Your credit union’s total rewards package is the key…
…gained momentum with an apparently growing number of Millennials. And that is because it basically boils down to saving as much money as you can now in order to take retirement early; a Millennial, after all, has more time to sock money away than someone…
…Early On Perhaps surprisingly, most millennials plan on working during their retirement. But no matter what your plans are, take advantage of compounding by starting to save as early as you can. People who started saving for retirement in their 20s are 66% more likely…
…do in their golden years. Released on Oct. 27, TIAA’s 2021 Lifetime Income Survey found 45 percent of the 1,001 working American Millennials, Gen Xers, and Baby Boomers who participated in the study saying that exhausting their financial resources is their chief concern – certainly…
Millennials are not the only cohort to have student loan debt, but they are the latest and the largest. According to the U.S. Federal Reserve, 44.7 million Americans (not all Millennials) owe $1.56 trillion in total student loan debt. One study showed that 69% of…
Millennials are not the only cohort to have student loan debt, but they are the latest and the largest. According to the U.S. Federal Reserve, 44.7 million Americans (not all Millennials) owe $1.56 trillion in total student loan debt. One study showed that 69% of…
…make further contributions, but retains the right to withdraw any accumulated account balance. ESAs are garnering a lot of attention among plan sponsors as well as employees, and the initial reaction is very favorable. When surveyed, 73 percent overall and 88 percent of Millennial participants…