Wealth? Early retirement? Sure thing, millennials say

Kara Marxer
June 14, 2018 - 5:25 am

A new survey finds that millennials are optimistic, no, very optimistic about their financial futures. 

Young adults expect to be rich. More than half of the people who responded to the TD Ameritrade survey said they plan to be millionaires at some point. They also plan to retire early. 

On average, the group said they plan to be basking in their golden years by 56. Males had an even rosier outlook. They plan to put their feet up, live on their earnings and relax at 53.

However, millennials usually do not plan to start saving for retirement until they reach their mid 30s.

Millennials are willing to save earlier for more short-term goals. About 94 percent said they are either working toward a specific goal, like a vacation, or putting money aside for an emergency fund. 

Not everyone has the same outlook. More than one in four said they do not plan to retire at any point.

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