The Difference Between Millennial and Boomer Retirement Savings
Millennials and boomers are constantly being compared to in the media as generations with conflicting goals, challenges, and lifestyles – including their retirement savings habits. We were intrigued by the results of this T. Rowe Price study, which found the two generations’ are saving about the same while their budgeting habits differ. The study compared their retirement plan contributions, budgeting practices, and auto-enrollment preferences.
After checking out the study, we compiled the most compelling statistics for you into an infographic.