6/27/2015 – The “Big Boom Theory” For Retirement: Millennials, Pay Attention; You Are Next (Forbes)

According to USA Today, “Almost a third of workers (28%) say they have less than $1,000 in savings and investments that could be used for retirement, not counting their primary residence or defined benefits plans such as traditional pensions.” Unfortunately, the picture gets darker, the rain has started, and the rainbow has disappeared. Employee Benefit Research Institute and Greenwald and Associates reported results from their telephone survey, in which 57% of their respondents indicate that “they have less than $25,000” in retirement savings. The lawn gnomes are looking for work.

Read the full article in Forbes.