A new study indicates default retirement savings rates should be pushed higher to help employees' retirement savings.
A higher savings rate of millennial parents could allow them to retire with more than $1M more than boomer parents.
The survey also found that more families are using 529 college savings plans but many don't understand all the advantages.
There are more opportunities to save for retirement, but retirement accounts are in decline.
Whether employees are contributing to a 401(k) or not saving at all, both groups say financial stress affects job performance.
Sallie Mae’s 10th survey of parents and children shows that parents are saving less and students are borrowing more.
Millennials could use some 401(k) love from HR and plan sponsors, even as they try hard to stretch every dollar - sometimes in unconventional ways.
More Americans dislike their jobs now than they did 7 years ago, and older workers who flee to an early retirement could end up paying a high cost.
While GenXers and boomers are saving up to get out of the workplace, younger people are apparently being driven by FOMO—or fear of missing out.
Boomers got pinched by the Great Recession and many have not yet recovered financially.