Welcome to Retirement Scan, our daily roundup of retirement news.
Millennials are the new face of the retirement crisis
Compared with other generational groups, millennials are in a more disadvantageous position to secure their retirement, according to a study in this MarketWatch article. One disadvantage that millennials face is that while they are expected to live longer than the previous generations, they will need bigger savings to fund a longer retirement horizon, the study found. “There is clearly cause for concern,” the researchers write.
