Millenials Have a Huge Problem with Retirement

The latest generation to enter the workforce, millennials — Americans born in the 1980s and 1990s — are the future of financial planning. Today, this group numbers nearly 70 million and by 2020, they will make up almost 50 percent of workers and investors. As investors and retirement savers, this group poses an interesting challenge as a result of spending high school, college and early working years during the financial crisis. Many millennials are wary of the stock market, and their overly conservative approach may be causing them to miss important opportunities to build savings for retirement.