Faculty Publications

Title

A Pre-Retiree Message To Millennials -- Automate Your Savings

Document Type

Article

Publication Date

9-16-2015

Abstract

A new study by New York Life found three important things about pre-retirees between the ages of 50 and 62 with household income of at least $80,000, which should serve as a wake-up call to millennials and younger generations. First, the study found that pre-retirees wish they had started saving at a much younger age than they did. Second, pre-retirees wish that they had put their savings on auto-pilot. Third, pre-retirees have a high level of confidence in the performance of their own automated savings vehicles.