Sentences with phrase «savings than baby boomers»
Millennial small business owners have more confidence in their retirement savings than baby boomers, according to our survey, possibly because millennial owners started their business at a younger age on average (26 vs. 43 years old), allowing more time for them to grow their businesses» profit margins and create comfortable retirement plans.
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And, if they keep pace with their current savings habits, they could retire with $ 1 million more than Baby Boomer parents and $ 400,000 more than Gen X parents.
Baby boomers are expected to enter retirement with less savings and more debt than previous generations, and a new report warns that will bring some housing concerns for this giant generation of home owners.