An alarming number of Millennials (40%) don’t have a single retirement savings account and the vast majority (73%) don’t know their net worth. This is why we have credit unions.
According to online financial advisory Personal Capital, many (34%) of the Millennials who do have a retirement account feel hopeful when they look at their balance.
That’s nice, but only a good sit-down with the savings experts at your CU will assure them if they have a reason to be hopeful.
Experts say that we must save at least 5% of our earnings for retirement, and that the only assurance of a well-financed retirement is to start saving at a young age, and to stick with it throughout our working lives.
So, if you need a good savings plan, go see your credit union today.