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Generation X 401(k) Savers Indicate Financial Peace of Mind as Major Financial Objective
T. Rowe Price
Feb. 5, 2018 "77 percent of Generation X retirement savers with 401(k)s view having financial peace of mind as a major financial objective, leading the 16 financial objectives scored in the survey.... 45 percent of [millennials (ages 18-35),] said their expected contribution rate is now higher than their contribution rate in the last 12 months. For Generation X (ages 36-51) and baby boomers (age 52 or older), 36 percent and 30 percent, respectively, said they expect to increase their 401(k) contributions in the coming months.... The majority of individuals determine their contribution rate based on their employer match, with 65 percent taking full advantage of the match." MORE >> |
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