Greater than 50% of these ages 18 to 34 have lower than $1,000 in financial savings and 62% of all People have lower than $1,000 saved. Little doubt the Millennial era is falling behind. Nonetheless, with a protracted investing horizon, they’ll get their saving into form. USA Right now factors out 7 methods Millennials can get a jump-start on retirement planning:

1. Pay your self first
2. Put your cash to work
3. Get each penny of your 401(ok) match
4. Contemplate a Roth IRA
5. Preserve investments easy
6. Suppose past financial savings
7. Be cautious of recommendation from friends or mother and father

(usatoday.com)