Retirement Weekly: Are millennials saving too much for retirement? [MarketWatch]
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Source: MarketWatch
Are millennials saving too much for retirement? Might millennials be saving too much for retirement? The question seems ludicrous, given the drumbeat of messages that all of us, but especially millennials, are saving too little for retirement. Yet the suggestion to the contrary appeared this past Sunday in no less distinguished a publication as the New York Times, in an article entitled “ How Millennials Could Make The Fed’s Job Harder .” It asserted that the millennials’ “retire early” movement is “the Federal Reserve’s nightmare,” since it could lead to such a burst in savings that interest rates would fall lower and the economy become weaker than the Fed is hoping. And then, a few days later, Nationwide Advisory Solutions released its fifth annual Advisor Authority study under the headline “ Are Millennials better prepared for retirement than Gen Xers? ”
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