28% of millennials are worse off than they thought they'd be a decade ago MillennialMoneyWeek
According to the survey, 35% of millennials who think they're worse off financially than they had expected to be don't have aRetirement savings aren't faring any better for this group. Thirty-seven percent don't save for retirement at all, and 30% save 10% or less a month, according to the survey.
Dorsey said that older millennials, some of whom have decided they won't ever be able to retire, need to play catch-up with their finances if they want to stop working someday.The burden of student loan debt, which totaled nearly $1.5 trillion in 2018 , doesn't make saving any easier. Of millennials who think they're worse off financially, 33% are still paying off student loans; 23% previously paid them off.
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