Money Minder UK

« Return to news section
Bullish millennials

In Brief: Bullish millennials

Thursday, 02 April 2020

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. 

Full article »

« Return to news section
Please be aware these articles are for general information purposes only and correct at time of printing. We will not accept responsibility for any errors made or actions taken by any readers that have acted on the information contained. Answers given are for guidance only and specific advice should be taken before acting on any of the suggestions made. All information is based on our understanding of current tax practices, which are subject to change. Always remember when investing, past performance is not necessarily a guide to future performance and the value of some investment units can fall as well as rise.