Millennials: The Power of Compounding for Retirement
Update: 2025-11-27
Description
Millennials retirement savings: Despite average balances of around $42,640 and medians of $16,255 for those aged 25-34, theres hope. With time, consistent contributions, and smart strategies like increasing contributions, avoiding early withdrawals, and diversifying investments, many millennials could become millionaires by retirement.
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