In June 2016, human resources consulting firm Willis Towers Watson reported that almost 25% of Americans think they won’t retire before age 70 due to finances (or lack thereof). But the latest out of TD Ameritrade paints an even bleaker picture. According to a study released last year, 25% of Americans say they won’t ever manage to retire. This attitude is almost equally prevalent among both millennials and baby boomers.
Given that one out of every three Americans has no retirement savings, it’s no wonder so many workers feel that retirement isn’t a given. But if you start prioritizing your future and setting money aside while you’re still working, you stand a strong chance of retiring, even if the odds seem stacked against you.
Boomers and millennials are saving, but is it enough?
Read the full article from Fox Business here.