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WILMINGTON, Del., Sept. 19, 2018 (GLOBE NEWSWIRE) -- Nearly 4 in 10 young adults in America believe that saving for retirement can wait, according to a newly released special report from Navient’s Money Under 35 national study. The research finds that many young adults, ages 22 to 35, tend to prioritize short-term goals like homeownership, saving for vacation, paying down debt or building an emergency fund.
“Many millennials just starting out may struggle to balance paying down debts and saving money, especially for retirement,” said Julie Wilson, head of research for Navient. “Our research explores how these trade-offs affect their financial health in the short term.”
Key findings from Navient’s special report include:
It’s never too late or too early to start saving for retirement. Navient offers several free resources to support adults of all ages with their retirement savings strategy. For example, the latest blog post offers three steps to get started saving for retirement.
Navient's Money Under 35 study, conducted in partnership with global research company Ipsos, is based on a survey of more than 3,000 adults aged 22 to 35. The special report and complete Money Under 35 study is available at Navient.com/MoneyUnder35.
Navient (Nasdaq: NAVI) is a leading provider of asset management and business processing solutions for education, healthcare and government clients at the federal, state and local levels. The company helps its clients and millions of Americans achieve financial success through services and support. Headquartered in Wilmington, Delaware, Navient employs team members in western New York, northeastern Pennsylvania, Indiana, Tennessee, Texas, Virginia, Wisconsin and other locations. Learn more at navient.com.
Media: Nikki Lavoie, 302-283-4057, firstname.lastname@example.org
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