Millions of millennials won’t be able to retire without help from parents - Tellbrief.com

Millions of millennials won’t be able to retire without help from parents

Will you be forced to rely on an inheritance to retire? Get in touch at [email protected].

ukNearly six million millennials are relying on their parents’ wealth to fund their own retirement, research suggests. Four in ten of those between the ages of 28 and 43 say that they will not be able to retire without financial support from their parents, a survey found.

More than half say that cash from their parents will be their only source of income when they retire. The state pension age is set to rise to 68 in 2037, when the oldest millennials will be 56.

..

Continue reading ...
News articles remains the property of the source. Tellbrief is a news aggregator.
Related Business News

Similar Headlines

More News
Home Business News Tech