Saving for retirement is something we all must consider, but how confident are you that you are saving enough for retirement? 38% of Millennials (aged between 18 and 37) globally report they are investing enough in their retirement. On the other hand only 29% of Generation X (aged between 38 and 50) and a shocking 21% for Baby Boomers (aged between 51 and 70) think they have enough saved for retirement. Millennials do have time on their side and can reap the benefits of compounding. This involves earning a return not only on your original savings but also on the accumulated interest, or returns, earned on your past savings. Seeking professional financial support could help you to manage your retirement savings more effectively.
