Under 50 Crowd Picks Up Pace on Retirement Savings
Those falling under the label Gen X or Gen Y (born between 1965 and 1995) may have received a bad rap in terms of their ability and willingness to save and plan for reitrement, but that's not entirely the case, according to life insurance company MassMutual.
According to its fourth quarter 2013 research, 58.4% of total defined contribution participants were in the Gen X and Gen Y cohort and continue to gain on baby boomers, who accounted for just 38.5% of participants on MassMutual's platform.
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