Wednesday, July 19, 2017

Millennials and Retirement

Financial Advisor Magazine looks at a survey by BMO Wealth Management of Millennial financial literacy.  The news is not great.

More than one-third of the respondents thought that retirement was too far off to be a priority. Another 22 percent of respondents said that they would rather pay off their accumulated debts before saving for their retirement.
As the Wall Street Journal pointed out in the last post, the best solution?  More financial literacy in schools.