Millennials are nearly as likely as their older co-workers to be regularly saving for retirement, a new survey has found.
A solid 45% of millennial workers said they have a 401(k) or IRA, and 33% of those that have an account are actively contributing to it, a joint survey by Morning Consult and Business Insider found.
Generation X workers, meanwhile, may be up to three decades closer to retirement age than millennials, yet they’re barely ahead of them in savings behavior. One-half of Gen Xers said they had a retirement account and 36% reported saving in it regularly—just 3% more than the younger workers, according to the survey. Morning Consult polled 2,000 Americans, including 670 millennials, defined as workers between the ages of 23 and 38 and 566 Gen Xers, who are between 39 and 54.
Kaitlin Mulhere | Yahoo Finance