Millennials Doubt They Can Save $1 Million For Retirement

According to the survey, 64% of working millennials said they would never accumulate $1 million in savings over their lifetime. Fifty-nine percent said they had started saving for retirement, while 41% had not, explaining that they were not earning enough to do so.

A majority of employed millennials doubt they will amass the $1 million many experts think they will need to see them through a multi-decade retirement, Wells Fargo reported Wednesday. Wells Fargo said they were too pessimistic, that if they start saving in their mid-20s and remain invested during their working years, they likely can accumulate a…

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