Survey indicates millennials have unrealistic financial expectations
To get into the mindset of a millennial, a new survey from Aperion Care posed queries about life expectancy and savings for retirement. Preparing for the future did not appear high on the list of concerns for many. While they are saving for retirement in many cases, their expectations of what it will cost to survive were unrealistic.
An article in CU Times explains, “For instance, 60 percent expect to be in ‘average’ financial shape when they die, and 56 percent aren’t all that concerned, if at all, about being a burden to people as they age, yet 55 percent say they’ll be about the same or worse off financially as their parents when they die.”
Read the full article here.