5/12/2013 – Unlike Boomers, Millennials appear to be super savers

May 12, 2013 Comments Off by

When Keith Farner was 14, he made $2,000 at a summer job. Instead of buying the Xbox he’d been wanting, his parents helped him open a Roth IRA. The 30-year-old, who lives in Athens, Ga., now has more than $30,000 saved.

While Farner may have gotten an earlier start on retirement than most, a new study out Monday from Merrill Edge shows that Gen Y, defined by the study as those 18-34, is starting to save for retirement earlier than any other generation.

Read the full article at USA Today.

financial security 2013, Longevity News 2013

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