Financial Challenges for Millennials: How Do They Compare With Other Generations?
general population, financial status and behavior, age
The Society of Actuaries 2018 research report Difficulties in Gaining Financial Security for Millennials summarizes findings on Millennials’ perspectives and priorities for gaining financial security and preparing for retirement as compared with other generations. This article reviews important recent research results on Millennials to provide insight into the unique generational circumstances in which many Millennials find themselves. The article also offers insights into the impact on employee benefit plan management.