A recent Wells Fargo Millennial Study shows that Millennials maybe heading towards a retirement crisis of their own. MarketWatch staffer Richard Eisenberg takes a look at the results of the survey which polled 1,005 working millennials and found that 54% of millennial women and 43% of milliennial men said their finances were stretched too thin to save for their retirement.
The study takes note of the fact that 41% of milllennials have not yet begun to save for retirement. Another survey, State of the Girl, shows that millennial women are worried about other payment like student loans:
...94% of the women with student loans said they were worried about paying them back. “It wouldn't surprise me if saving for retirement isn't a current priority,” said Sienna Kossman, an analyst with CreditCards.com. “Many millennials are really worried about affording basic, day-to-day expenses.”