Great (and Unrealistic) Expectations: Twenty-Somethings Plan to Retire As Sixty-Somethings

Numerous studies project that young people today will not be able to retire comfortably until they are in their seventies and eighties. 

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 RahillPresident, 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:

For expert video content to inspire, engage and motivate your employees, visit Big Think Edge

Watch the video below and sign up for your free trial to Big Think Edge today. 

Image courtesy of Shutterstock

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