28% of Younger Workers Think They'll Never Retire

Many of us look forward to retirement and the opportunity to enjoy a lifestyle devoid of work-related demands. It's unfortunate, then, to learn that 28% of millennials are convinced they'll never manage to retire, according to data from TD Ameritrade.

On the one hand, this sentiment actually makes sense. Countless younger workers today are saddled with student debt to the point where it seems unshakable. Throw in the fact that younger workers tend to earn less than their older counterparts and their paychecks are often eaten up by debt payments and living expenses, and it's no wonder so many have written off retirement completely.

Though the idea of ever establishing enough of a nest egg to retire might seem undoable, one thing younger workers need to remember is that they have an extremely valuable weapon on their side: time. And if they take advantage of it, they just might manage to retire after all.

https://www.nwitimes.com/business/investment/personal-finance/of-younger-workers-think-they-ll-never-retire/article_97c41436-14be-562a-b19a-3fb2f6798274.html