Millennials to Retire With More Cash Than Boomers

Government policies have helped American millennials, the largest age group in the country, set themselves up better for retirement than their boomer parents, new research shows.Millennials have endured turbulent economic times. There was the September 11th attacks in 2001 that contributed to a recession. Then there was the housing crisis that began in 2007 and ballooned into a systemic financial crisis that sparked the deepest economic calamity since the Great Depression in the 1930s.

Americans are having to think more keenly about retirement at a time when the Social Security Trust Fund, the government program that supports retirees, is expected to run out of money in a little more than a decade, according to the Committee for a Responsible Federal Budget.'At that point, revenues coming into the program will be insufficient to cover scheduled benefits,' the think tank pointed out.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Eli Lilly's head of diabetes and obesity unit to retire By ReutersEli Lilly's head of diabetes and obesity unit to retire
Source: Investingcom - 🏆 450. / 53 Read more »

Solana Beach School District superintendent to retireAfter 35-year career in education, Jodee Brentlinger's last day will be Jan. 2
Source: sdut - 🏆 5. / 95 Read more »

Indiana House Judiciary chairman Jerry Torr to retire after nearly 3 decadesRepublican Indiana state Rep. Jerry Torr, who also chairs the lower chamber's Judiciary Committee, will retire at the end of his current term.
Source: FoxNews - 🏆 9. / 87 Read more »

Research indicates Black women homebuyers outpace Black men—experts speculate education disparities are driving factorBlack women and millennials are key drivers of current Black homeownership rates—and that they are outpacing Black men.
Source: NYAmNews - 🏆 269. / 63 Read more »

77% Of Hiring Managers Say Job Hopping Is A Red FlagIt’s estimated that millennials average two years and nine months in a role and Gen Xers average five years and two months.
Source: hackernoon - 🏆 532. / 51 Read more »