Some Millennials May Have to Retire at 175 Thanks to Debt and Politics - A Whittle Bit of Commentary 10/26/15

A Whittle Bit of Commentary with Chad Whittle

Below is a rush transcript (may contain errors)

Financial website Nerdwallet reported that some Millennials that are graduating from college with high student loans and high rent may have to work until 75 in order to save enough for retirement. That doesn’t sound fun at all, but it’s not all that surprising considering the current job market, heck at this point, many college grads are just hoping to find a job, retirement isn’t even on their mind!  Of course, next year Millennials have a chance to help improve their economic outlook, but many of them will vote against their own best financial interests. Depending on which candidate wins, they may have to work until 175 to retire. I’m Chad Whittle on A Whittle Bit of Commentary.

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© 2015 Chad Whittle

Background Material:

http://www.cnbc.com/2015/10/21/new-grads-may-have-to-work-until-theyre-75-report.html

 

Posted on October 25, 2015 .