Millennials Are Saving Well, but They’re Investing Their Money All Wrong

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.

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