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| An assortment of United States coins, including quarters, dimes, nickels and pennies. (Photo credit: Wikipedia) |
I recently read that 49% of Americans are not contributing to any retirement plan at all. And who was the biggest sector of those non-contributors? People between the ages of 18 to 34.
This comes to me as no surprise. Very recently at work there was another round of 401k sign-up and my younger colleagues were hopelessly lost. Sure they were given a nice big folder of information and told the old “you should probably contribute 10% of your paycheck” advice.
But when I simply asked “Do you think that will be enough?”, I was met with blank stares like a deer in the headlights... Continue to read.
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