Most Twentysomethings Save for Retirement but Underestimate Needed Amount
According to the Transamerica Center for Retirement Studies, 77% of twentysomethings are saving for retirement with a median starting age of 21. However, nearly half (47%) guessed their savings target at $300,000—far below estimates suggesting they may need between $1.26M and $1.6M.
Topics: generational financial behavior personal finance education retirement savings