Millennials are doing a better job planning for retirement than their grandparents did. A study by Ramsey Solutions has revealed that almost four in ten Millennials know how much money they’ll need to retire, and they “are starting to utilize the investment tools that are available to them.” One financial planner reasoned that “seeing their parents [and grandparents] deal with a crunch,” has inspired Millennials to look into investing. Although they are looking ahead, Millennials still have their obstacles to overcome: the cost of living is the number one reason they aren’t saving for retirement, and student loan, credit card, and mortgage debt are also in the top five. (Fox Business)
