Millennial Business Owners Focused on Retirement Planning

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You might not think so, but millennials are the ones who are zeroing in on retirement as a goal for their employees — more than Gen X business owners or even boomers.

According to a Nationwide survey, millennials could end up providing their employees with more support and encouragement in preparing for retirement than older business owners. In fact, they’re nearly twice as likely as the average owner say they will offer retirement benefits to their employees in the future (69% versus 36%).

Not only are they more aware of the importance of a workplace retirement plan for themselves, with 53% saying so compared with just 39% of boomers, they’re more likely — at 57% — to think that it’s their responsibility to help their workers save for retirement. Just 31% of boomer business owners and 44% of Gen X bosses think so.

Read more on ThinkAdvisor

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