Most Millennials Have an Unrealistic View of Their Retirement Prospects, Analysts Say (hsbc.com)

From a blog post on research firm HSBC: HSBC calls for millennials to wake up to living and working longer, as research finds only 1 in 10 expects to work past 65. Most millennials have an unrealistic view of their retirement prospects according to a new report from HSBC. The latest report in The Future of Retirement series, Shifting sands, finds that on average millennials expect to retire younger than other working age generations. Millennials expect to retire at 59, two years younger than the working age average of 61. The survey of over 18,000 people in 16 countries finds that only 10 percent of millennials expect to continue working after 65 -- even as their generation faces unprecedented financial pressures and state retirement ages continue to rise around the world. This is despite 59 percent of millennials agreeing they will live much longer and will need to support themselves for longer than previous generations.

Comments

Unrealistic for you, maybe

[Anonymous Coward]

They don't expect to live past 65, given the state of healthcare in this country.

i have enough money for the rest of my life

[turkeydance]

if i die before next week

Re:Save 30%, retire early

[DalM]

Better move it all back to those stocks. Wouldn't want to miss out on any more of those gains.

Re:Opposite

[OakDragon]

Me? Working until the day I die. And on the date of the funeral, will probably have to put in a half day.

Re:Opposite

[butchersong]

I plan on having several kids -like 6 or so. If I influence each of their malleable little minds just right for the first 18 yrs I'll be able to guilt em into providing me 15% of their monthly income. I might even luck out and one of them will actually land a cushy job giving me a nice bump in lifestyle.