Millennials, the youngest generation in the workforce today, are highly motivated to save for retirement and would plan ahead if they knew more about retirement benefit options from their employers, according to a new study released this week by Prudential Retirement, a business unit of Prudential Financial Inc.
According to Prudential’s latest study, titled “Younger Workers and Retirement,” these consumers recognize that contributing to their retirement is a must, even in an economic recession. In fact, 83% say that seeing what can happen to people who don’t save enough for retirement makes them want to save more.
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