Wells Fargo surveyed working millennials ages 22-32 and found that:
  • Only 49% are saving for retirement.
  • Of those saving for retirement, 72% participate in employer-sponsored retirement plans.
  • Three out of four believe the best way to get ahead financially is to work for a company that offers a career path.
Many millennials are more focused on paying down their student loan debt than on planning for retirement.

Biggest financial concerns

Pie chart showing milennials’ financial concerns
 
Given that millennials will make up 36% of the workforce by 2014, and 46% by 2020, is your company prepared to help them refocus on retirement?
Learn more about millennials and retirement. Millennials report (PDF*) | Video (YouTube)
For information on how Wells Fargo can help you prepare your employees for retirement, call 1-800-690-9721 or contact us.
 
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