Report finds millennials aren’t saving for retirement

Posted: Updated:
YONKERS -

Between bills, rent, and student loan payments, millennials are not saving for retirement.

According to a new report by the National Institute on Retirement Security, 66 percent of people between the ages of 21 and 32 have nothing saved for retirement.

Experts advise looking into employer retirements plans, like 401k plans, and looking into traditional or Roth IRAs, which could offer tax benefits for retirement savings.

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."