We’re used to hearing bad news on the retirement savings front, given the number of Americans who are currently unprepared. But millennials may be bucking an otherwise dangerous trend. A good 71% of younger workers are saving for retirement, either in a 401(k) or another dedicated plan, according to Transamerica. And 39% of millennials are currently putting away more than 10% of their income for the future.
But when it comes to investing, younger savers still have some work to do. It’s estimated that 42% of millennials invest too conservatively for retirement, according to Fidelity.