“Young Americans are more focused on paying off debt
than they are on saving for retirement, and that can be a mistake, experts say.
Those ages 22 to 32 can miss the chance to ride out market fluctuations if they
don't invest early, says Karen Wimbish of Wells Fargo. A survey by Wells Fargo
shows that 87% of millennials say they have too little money to save. ‘That's
concerning," Wimbish says, "because this generation, more so than any
other before them, is going to be primarily if not solely responsible for
whatever their retirement looks like.’”OnWallStreet.com
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