For some millennials, the reality of their retirement plans is that they're a fantasy
www.businessinsider.com
New data shows a significant gap with how much millennials expect they need to retire ($1.7 million) and what they've roughly saved so far ($63,000).
  • tsonfeir@lemmy.world
    41·
    1 year ago

    It’s 20% per year. It’s not… bad… but this 401k is going to be a joke when I retire.

    • errer@lemmy.worldEnglish
      1·
      1 year ago

      My company is similar, but over 3 years. It’s a weird way for them to save a few thousand bucks per employee who quits (since you get the full amount by the 3 year mark).