Millennial workers say one of their top financial priorities is paying down debt, but paid-off debt won’t offer an income in retirement, says Jack Dorsey, a researcher with The Center for Generational Kinetics.
According to recent research from the Insured Retirement Institute and CGK, while millennials may be thinking about retirement they are not actively preparing or planning for it. Only 29% say they are actively preparing for it, while 11% expect to receive a gift from family so they can one day retire.
