Millennial Workers: An Emerging Generation of Super Savers

Millennial Workers: An Emerging Generation of Super Savers is a research report that illustrates how Millennial workers are not only recovering from the Great Recession, but they are also getting an impressive head start in saving and planning for their future retirement. 

Unlike their parents’ generation, most Millennial workers expect their primary source of income in retirement to be self-funded through retirement accounts (e.g., 401(k)s, 403(b)s, IRAs) or other savings and investments. The good news is that they are getting an early start with their savings and are taking advantage of the latest innovations that their employer-sponsored retirement plans have to offer. And they are hungry for more information on how to achieve their retirement goals, especially if it’s digitally available. Employers should take note: Two-thirds of Millennial workers say they would be likely to switch companies for a similar job if it comes with better retirement benefits.

This research report is based on findings from the 15th Annual Transamerica Retirement Survey which surveyed more than 4,100 workers in 2014.