…bat because another millennial at work told him “do it now, it’s worth it down the road.” Smart millennials! Millennials often face some significant financial challenges. They’re graduating with more student loan debt than any other generation. And, even though many of them say they…
We’re pleased to introduce the latest in our Pentegra SmartPath™ Thought Leadership Series: The Millennial SmartPath™, an exclusive report detailing best practices and strategies for millennials to help improve retirement readiness and overall financial wellness. Millennials, also known as Gen Y, are perhaps not surprisingly…
…them have done. Why do millennials change jobs so frequently? Millennials want opportunity – they want a career path and job enrichment. It’s also very important to millennials that they like and enjoy their job. I’ve seen this firsthand from the millennial generation at home…
…phone during an interview – but proceeded to strike up a conversation! There are plenty of other intriguing insights in our survey, which I recommend you read: 2018 Millennial Benefit Trends Report It seems that, when it comes to Millennial employees, there’s hope after all….
…of course exceptions to every rule, but the first Pentegra Millennial Savings Survey conducted in 2017, while showing some surprisingly encouraging trends, also included some results that unfortunately back up the pervasive Millennial stereotype. To be fair, our findings did include some heartening signs. Over…
Millennials see their career trajectory and retirement differently than previous generations. Today’s growing workforce doesn’t fit traditional patterns, and it is clear that this generation will view retirement benefits from a less traditional perspective as well. Your credit union’s total rewards package is the key…
…gained momentum with an apparently growing number of Millennials. And that is because it basically boils down to saving as much money as you can now in order to take retirement early; a Millennial, after all, has more time to sock money away than someone…
…argue that additional spending by workers with higher take-home pay can ultimately stimulate additional jobs as well as help lower employee turnover. As expected in multiple studies involving many variables, the evidence is inconclusive1. Several studies have found virtually no effect of the minimum wage…
…do in their golden years. Released on Oct. 27, TIAA’s 2021 Lifetime Income Survey found 45 percent of the 1,001 working American Millennials, Gen Xers, and Baby Boomers who participated in the study saying that exhausting their financial resources is their chief concern – certainly…
…Early On Perhaps surprisingly, most millennials plan on working during their retirement. But no matter what your plans are, take advantage of compounding by starting to save as early as you can. People who started saving for retirement in their 20s are 66% more likely…
Millennials are not the only cohort to have student loan debt, but they are the latest and the largest. According to the U.S. Federal Reserve, 44.7 million Americans (not all Millennials) owe $1.56 trillion in total student loan debt. One study showed that 69% of…
Millennials are not the only cohort to have student loan debt, but they are the latest and the largest. According to the U.S. Federal Reserve, 44.7 million Americans (not all Millennials) owe $1.56 trillion in total student loan debt. One study showed that 69% of…