Millennials feel behind on retirement savings, report shows. Here's how to get on track [Globe and Mail, The (Toronto, Canada)]
Manulife Financial Corporation (MFC)
Last manulife financial corporation earnings: 2/12 05:00 pm
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Source: Globe and Mail, The
Saving for retirement can take years, even decades, so it might seem logical that Gen Z – the youngest generation of workers – would feel the most behind in their savings journey. But a recent survey from Manulife tells a different story: It's millennials that are more worried they are lagging behind. Manulife's 2025 report, The 40-year retirement – balancing dollars and dreams , surveyed more than 2000 adult Canadians about retirement. The survey found that 50 per cent of millennials (individuals born between 1981 and 1996) feel that their retirement savings are behind schedule, compared to 34 per cent of Gen Z (born between 1997 and 2021). “It's a common assumption that younger people are further behind financially,” explains Fraser Wiswell, head of global retirement participant outcomes at Manulife. “But this study goes beyond the numbers – it looks at how people actually feel about their situation.” According to Mr. Wiswell, since Gen Z is younger than millennials, they ben
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MFC
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