Millennials are a “generation lost,” according to a new study, and are in for a tough time when they finally reach retirement, thanks to a lack of understanding of financial matters as much as a lack of interest.The study, titled “Generation Lost: Engaging Millennials with Retirement Saving,” from BNY Mellon and a team of students from Cambridge Judge Business School, University of Cambridge, found that millennials internationally will have a more difficult time in retirement because of demographic, political, and macroeconomic trends.
Source: Millennials Are a ‘Generation Lost’ When It Comes to Financial Matters
