Young people today face high unemployment, high student debt and can expect fewer retirement benefits, as businesses and governments have cut back. Nonetheless, according to an international survey, most young people aged 20 to 29 expect to retire in their sixties. Numerous studies project, however, that young people today will not be able to retire comfortably until they are in their seventies and eighties.
To make matters worse, only a quarter of young people surveyed say they are saving for retirement.
In the video below, Dave Rahill, President, Health & Benefits at Mercer describes a scenario that is increasingly common today. "Employees have a broader series of choices to make and they’re making choices using more of their own money, Rahill says. So one has to ask the question: "Are employees prepared to make these type of decisions?"
Watch the video here:
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