If they saved an average of 5% of their salary over that time period and earned returns of about 7%, then they’d have over $96,000 saved already. And of course, that’s just an average — many millennials make far more than the average salary and save for retirement at higher rates.
Interesting article about how much money the average millennial has saved up. I'm surprised by this, I would have thought it would have been less based on the millennials I know. They still have a long way to go to retire a comfortable life, but if they invest wisely it can be done. A little money in crypto alone could set them up for life, in theory anyway, lol.....
Read the full story here....
https://www.cnbc.com/2020/01/30/nearly-1-in-4-millennials-report-having-100000-or-more-in-savings.html